Anyone long for Monday?, page-9

Poor action in the US last night even with healthy economic reports. As usual we got the morning bounce and a nice little rally going.

But alas the night ended as most other nights do and thats a good old sell off at 2pm. Monday morning US time will be interesting as to see if friday arvos trend continues down or a reversal back to fridays highs.
I see no reason for the market to rise next week in the US as the world outlook still looks like crap.

As for the aussie market we should see ncp get flogged off a tad more, the CBA NAB ANZ sold off and WBC will do its own thing(cum div stock). As for TLS it will rise early but will drop off late. It will succumb to tax loss selling by mums and dads as the pros have probably done most of theirs under the cover of MSCI reweightings and certainly wont be bidding the stock up in a hurry.

The diversified resources will see further downside.

AHHH yep 40 points down by 11.30 monday.

cheers chooch...