wednesday trading, page-41

I was hoping for a big ramp in the SPI before closing to get a clearer picture, after today's rally one would think we might get a bit of pull back tmr.

But instead we got a massive 35 points discount!!! Unless my figures are worng, this is not as bearish as I thought it would be. If the overseas markets can hold up their gains from last night then we might gapped through 4800 on open tmr...

Personally I am quite wary going long now, flood followed by Yasi, not a pretty picture at all, especially for the miners and insurance companies. If this is truely the top then NFP on friday night would be a perfect trigger imo, which means we might get one more up day tmr and followed by the usual friday fade, would be nice to see some SPI premiums tmr lol.