tuesday sell off?, page-36

Thanks Adventra, like many analysts I was surprise the RBA actually went ahead with it despite my post of rate hike last Monday.

I hope the RBA know what they're doing as it appears they're shooting first and ask question later. Our market has been lagging because of high $A and this X'mas is not going to be good for the retailers and of course the exporters profit will be less.

With US economy showing sign of recovering and if Feds QE2 is less than what the market expected then the US$ will rally and the market sentinment has not change that is dollar carry trade will dictate and as the US economy recover the equity market will correct.

Is the US market been holding up for the US mid term election? This week we'll know the answer.

It been predictable market and continue to trade in & out for now until may be tomorrow. Good luck