bluesdog's - for the little fellow friday

MORNING TRENDSETTERS

We definitely passed over into 'hope' yesterday XJO'ers.

Before some of us start choosing tyre and paint combos on Ferraris...Pauley, our resident cryptic genius, came out with a gem of non-ambiguity...

'Six months of poo and 2 day's green everyone's blu sky?' PAULEY

And deftly slipping the finger to Martis...

'Don't slip off the perch martis or are we still being groomed? The vulture lost a few feathers today'TCISBOSS

Redbacka came up with a brilliant little find which is explaining the 'apparent reluctance' for the market to rashly capitulate.

http://hotcopper.com.au/post_single.asp?fid=1&tid=1570837&msgno=7257386

'If this decline is "worse" than the GFC - then surely supply must be almost exhausted.'REDBACKA

Red pretty much plays it as he sees it, he's not pushing an agenda that he's fallen in love with. We have others for that and they absolutely play their part in helping us to garner some sort of consenus...which is almost always wrong, but at least good entertainment value.

Putting aside the idea that the 'smart money' has reached agreement and decided to get going on the buyin - the only thing we have seen is some very strong short covering for a day. That's it.

What will the next week look like. Paddington Bear said she will be watching closely the follow through - an authenticity test of sorts.

If we do gap up, gap up, gap up again and you buy - you'll be stranded on the mudbank when the tide goes out.

Wait for solid tests of support as indicated by Red's crossovers and Barnstys trendlines and fibs. Mitta and DG's volume deciphering....and maybe listen to who Caylus has been dining with in 'Honkers'.

However Pauley is looking for a bit of downside as is DG, Funkyand of course Smartie and Caylus.

Todays thread is dedicated to Bluesdogs little nephew(?) and sister in law. Nothing else really matters at the moment Bluey.

Goodluck out there today Ladies and gents


PS Bluey, I'm sure that there must be some relevance to the number of XJO forum reads to the market - if someone can be bothered correlating them.

Not sure why I got all the TU's yesterday but thanks xjo'ers