Good moning all, Here's BiggDaddy's entre.
so entertaining watching Europe running around like a headless chook pre-US open last night.
Wild, wild swing, and France's Societe Generale bank going -20% Wednesday, +9% early last night, then -8.5%, to finish +3.7% on apparently unfounded rumours which spread throughout Europe.
Then the Big Bazooka, the USA, rose from its slumber and up everything went as expected.
Gold came back below $1800 and the cash went back into equities.
Copper posted a 3.4% rise, the biggest 9 months, and that will b good for our market and our miners.
BHP ADR's closed at $38.60, so a big gap upen for BHP here. That will lift the XJO.
XJO has to sail past 4180 to inspire confidence in this rally, but a short-term target of 4550 should be achievable.
The XJO weekly candle looks like a spectacular reversal.
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Good moning all, Here's BiggDaddy's entre.so entertaining...
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