A few grammatical corrections to my previous post.
There is ample bearish sentiment in the financial media (esp. Fairfax conglomerate) to indicate that a bottom may be in place. An article in "The Age" warned investors to be wary of this (currrent) bear market trap. This is a bullish indicator.
When the DOW has successive climbs (and a rise of 500 points in a couple of days)a bullish signal is indicated, analogous to the reversal in 2003.
I feel the reason for our market not surging in the last week is options expiry control by institutions. I think a level of 5000 on the SPI is preferred.
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