friday, page-12

nine lives,

there was a couple of side issues I was considering when looking at my charts

Firstly I expect strong end of month buying because of superfund inflows. Domestic funds may be tempted to buy if
they believe downside pressure from forced selling has eased, as looks to be the case,
based on the recent bounce in global equities, commodities and AUD/USD. That said, LME prices suffered steep falls last night and traders might square some long positions
before the weekend.

I wouldnt be surprised if we finish strongly for another 2-3%