faith friday, page-64

This one is a strange one. Even though the Aus indexes are trending down (maybe a wise move and leading the global indices) we will follow a significant trend in the US markets. We all have our sources for research (as well as FA and TA) and I am sure no one can guarantee (predict) the breakout from current symetrical triangles in all US indices. It is a gamble whichever way you look at it particulary with the monoline rating issue still not resolved. Even though we are seeing reasonable as well as positive fundamental reports we are marking time until we know the outcome from the current bad credit issues world wide which may be the trigger for another significant correction. Once this is resolved we will be able to get back to what we know best but at the moment who can tell. Shouldnt be too much longer though!!