getting closer to expected sp, page-52

not so sure about that oracle.

this has been hemorrhaging for months now. those who had short to medium term visions have probably already sold.

I see further weakness in USD POG (not AUD POG) as causing a period of consolidation at 25c or there about.

Just because POG falls it doesn't mean that the equities will fall simultaneously. the market after all is attempting to predict what's happening in the future, not what's happening now (although short shocks always have influence).

I think the market has been pricing in a fall in USD POG since December (ironically not pricing in the steady state of AUD POG).

GC