DJS 0.00% $3.99 david jones limited

Agree that certain retailers will rise and fall to the same...

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    Agree that certain retailers will rise and fall to the same tide, but if you count WOW as a retailer then I think they would not be as highly correlated because food necessity whereas designer clothes are not. I think unemployment figures being up signifies that there is not as much disposable income in the market, which fundamentally should point to less spending, which leads to less sales for retailers which should lead to a lower SP. This along with the technical aspect that DJS is at longterm resistance (there is resistance around 5-5.2 area going back to 2007), and then along with the fact it has had a pretty strong run with no real consolidation periods, I think, will lead to a retracement in the short term.
 
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