Ahoy there ye scurvy sea dogs,Twas down at the chemist yesterday...

Ahoy there ye scurvy sea dogs,

Twas down at the chemist yesterday arvo, when I ran into old Rupert's missus Wendy Deng. I was having a bit of a chinwag with her to see how Sarah O'Hare was. I used to be her pool boy, but thats another story altogether. Anyway Wendy, who I must say is awefully fit, was picking up a few viagra's for Rupert. So we had the Wendy Deng bounce Wednesday - it was a nimble vixen, but no dead cat surely. Too much front foot action to be a dead cat bounce is my call.

Heres a chart of NWS with the % short positions showing the short positions up to Thursday. I will have to post an update of how the short positions built up into the final Monday selloff and the following short covering rally.



Another chart I thought was interesting was the oil chart. Here's the weekly, and check out the multiple hits on the uptrend line.