Morning all. Thanks HLL and all contributors.Holiday Monday. ASX...

Morning all. Thanks HLL and all contributors.

Holiday Monday. ASX closed.

I'm not superstitious but I act like someone who is. I hate to make calls in case I jinx em. But for all the complaints, the last two weeks have thrown up heaps of very good trades. What seems to be happening is that the fear factor is causing greater oversold than usual. And as HLL mentioned in his wrap, the US markets are moving into actual solid stocks with good FA. So, (and thanks to Rav for his charts) we are seeing on the Hi/Low charts that not all resource stocks are going bad. There seems to be a separation of the wheat from the chaff.

The gold chart is showing this same characteristic. Run up, run down.

My instincts tell me there has to be a crash of some kind to re-set punters minds so that we can go on up. I'm not that great on FA so I'll wait till the recovery stocks become more obvious. As Giz said recently, "the cream will rise to the top".

It's gonna be a good opportunity to catch a few rides. Patience still required but market set up is looking good to me. Maybe July will be the time to push go button.

Hope I haven't jinxed it. :<

Check open orders.

Happy Trades