Hi Nittnoi...What we need to see, but are still not seeing, is...

Hi Nittnoi...

What we need to see, but are still not seeing, is more trading volume for THR. It's quite easy for the SP to move a few rows up or down on small trades; a mixed blessing...

But yes, on a very red day on the ASX, it's always nice to see some green. Some real downward pressure and anxiety in the general market, and it is hard to see that pressure easing any time soon. This week is going to be painful for many traders on the ASX, but seems that THR will continue to dance to its own tune as we have seen before.

I hate making predictions about SP prices (for obvious reasons), but it does seem that we can say the "bottom of the support" has edged up. I suppose that means at worst the intra-week window could scrape 2.5, whereas prior to last ANN we were still seeing 2.4 quite regularly.

Watching with interest...