head and shoulder...?, page-95

Another trading night about to begin and what will it hold?

As is often the case, much will depend on commodity prices struck in London, the Dow and the fight of any further cash into US Bonds etc.

My thoughts are that we will see some further weakness in the aussie overnight.

It is interesting that the last two nights the aussie has tanked around mid night Perth time.

Some upward movement prior to the retrace.

The big question is how low will the aussie go?

I'll call .62 tonight and I do feel that the magic .60 mark could be breached Friday.

At this point as last time, the Reserve Bank could come in to support the aussie but it could be something of a tempory move.

Time will tell.

THE ABOVE IS NOT FINANCIAL ADVICE. DYOR AS ALWAYS.