biggdaddys rdo thursday, page-3

With the Dow getting back up after the initial sell off shows the strength of us business earnings. It seems that markets are taking bad news in their stride. Looking forward, if earnings are projected to be strong then the markets could go higher from here and we would see a breakout to the upside. That all hinges on US employment data on fri. Ifvthis is weak then IMHO it will be the straw that breaks the camels back and I'd expect a pull back on bad data. If its BTE then it will be the catalyst for breakout of current highs/resistance. So for AUS market, Monday will be the decision day for next direction IMHO which means we will prob noise around today and tomorrow unless of course those in the know re US data move tomorrow in which case if I see a big move tomorrow I'd go with that regardless of the direction. interesting next few days but the easy money was made from jan to April. the next few months look harder.