Aussie banks surging in the US!, page-14

After having looked at the OS figures - I have to admit I may be wrong. It is just unthinkable that banks could move up from here, because they are all at critical resistances, and if they break, banks are going to go very far indeed.

It is hard to understand how this could possibly happen in the face of proposed interest rate tightening unless the market has gone crazy.

But it seems that may be the case. The market is about to speak, it seems. It looks like we are about to get the reverse of the capital flight that happened in 1998. US fund managers are moving funds OS in droves, and the increased index weighting of Oz is just the excuse they need.

Well all I can say is - it's going to be a mighty short when it comes. Any logic would say it should be right now - but all the chart pressure is upwards.