Buy Back, page-57

TA update - 7 or 8 days of low volume trading with Dojis i.e. narrow range between open and close candlesticks, essentially showing indecisive activity. Still within the 80-90 cent trading zone.

Despite the big move on Wall St on Friday it is hard to see much happening here with the recent soft employment numbers and the typical reporting season jitters showing up in the low volumes. Today some money will probably flow into the banks and Telstra as usual. The sort of pattern we are seeing in DNA with the string of Dojis is essentially a waiting game now unless some institutional players take an interest.

The kick off of the buyback program could see some movement depending upon how it is executed but one would imagine it will be incremental in much the same way as institutional sell downs occur so as to not frighten the horses.

The report is looming as a big factor.....