yeah, i'm brissie as well. Used to be a holiday in the morning,...

yeah, i'm brissie as well.
Used to be a holiday in the morning, until the markets opened.
Now its coffee up.

Quite obvious now that the AU200 is just following the AUD, and selling pressure from o/s funds.
So no surprises we are to open flat? The question is will we be sold off.
US up 208 pts, and the AU is down another 1.2% since close Friday.

Thats like our banks and everything else an O/S fund manager may have, dropping 1.2% etc,
the real question is not the single drop, but the direction and rate of drop.

If i was that manager, and it was stable, then it dropped 1%, i might hold off, incase the next week it rallied 3%.

So its about how close we are to the bottom.? The only reason to sell today, is if you believe that it will be even lower tomorrow.

However if you believe that it will be higher tomorrow and continue to rise, then you might not sell today. etc
The large 1.2% drop, does that mean that its nearing capitulation?
Does the selling of AU200 also effect the AU-USD? If i am selling Aus script and wanting to get my cash refunded in USD, then yes. How much of an effect i dont know.