snippets - 30/10/09, page-33

The thing is I can't see much that's coming on the horizon to have any strong impact on direction one way or another. So it's just a matter of the crowd following whoever decides to set the pace.

I'm with those who think the market will probably drift up again after a few days sideways - or maybe just a longer period of sideways movement. There's still a lot of support on the charts that would need to be broken for a decent fall.

Further down the track there could well be a harder move down, probably after some negative news - commercial real estate in the US; interest rate rise and/or tax rises; maybe even our own property market; or a natural disaster or war or some such event. But that probably won't be till next year. Hope not at any rate.