Think a lot fund need to sell some shares today, that they have no choice but push the SPI up and triggering a bout of short covering as most day traders/ position traders are on the short side, so funds can sell from a ' higher level ' down
OZ market quite small, doesn't that that much buying to push the SPI around, also once the they ran out of ammo, thing came down rather quickly like now from 3320 to 3300 in no time
So shorts still the way to go, although u have to stomach these silly ambush on open rallies by the bulls at times like today and also many times last week
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Think a lot fund need to sell some shares today, that they have...
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