cadel's triumphant monday, page-19

For the 24hr indexes, might be worth waiting closer to US open, or at least til after Europe opens, the Yanker Bankers will be asleep and making no deals until they wake up and see futures down 2% or whatever. They might rush it in before US market opens, but IMO they want to crunch some stops before going ahead again. Also, Europe could struggle more than us with events in Norway. Europe will also fall when they realise they completely suck at riding bikes fast because Australia rules, and Cadel is King of the World!!!
Either gold will rally or equities will IMO.
Fishing with a lower bid, but meet the market after US open might be my plan, and of course with tight stops. Should be bullish if 4500 can hold, but methinks they are currently stop hunting so they could probe below that. The SPI has already touched 4500 and bounced a little. SPI at 26 pt discount to XJO cash. Big gaps above from Friday.
Maybe watch the US futures, that spike down this morning might need to be revisited.
Keep in mind the debt ceiling decision is due 2nd August.