Gday, is Biggs around or is it;
Have ya bought any NCM's yet Biggs. I would have suggested diversifying away from miners. Maybe the TLS or COH charts might look interesting, but cash is still looking a good option. I have fairly balanced long and short positions so neutral sentiment, range trading.
Banks here also might get a profit margin squeeze with falling IR's, and Swanny's bank regulations. I can say he can only be commended for the reforms that give power to the consumer. This could give strength to smaller banks over the larger ones.
The decennial pattern has held fairly well recently, and my interpretation of it would see ranging patterns mainly sideways into January, and a bit of upside for about 6-8 weeks from January sometime, then bear market maybe March until October next year.
Whens that bar open then?
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