current indicative opening from ig is around 4110, dow is flat
barnstys 4060 level could come into play today as potential support but hope we don't get that low
I think there was mention of a fed meeting on Tuesday? Hope we don't have to wait until then for QE3 comments
if you feel the need to trade
a few candidates for short covering that are showing early falls include CDU, ESG, BMN, PXS, LNC, BPT, LYC, PDN, AGO, ALK - check charts for potential support
there may be an arbitrage play with ESG if it moves away from the Santos price too far (0.06803 STO for 1 ESG)- there was a 2c gap at close yesterday, ESG & STO currently showing 8% and 6% falls respectively
BMN has a potential 61c conditional bid from Hanlong that may increase the odds of a short covering bounce
