Mitta - just went and had a look at a few of the leaders. CBA frightens the hell out of me as it is so steep. NAB a bit similar but it could be a running correction and if that is the case, then the patterns are fairly bullish. Do you look at STW - like it as an indicator. It isn't such a worry.
I think I would have preferred for our recovery to be not quite so steep today as if the SPX turns down, it leaves us a bit vulnerable tomorrow.
pilatus - donkey wednesday, page-88
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