XJO 0.10% 8,214.5 s&p/asx 200

Yes, Jako - the volume yesterday was poor. It was Friday when...

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    Yes, Jako - the volume yesterday was poor. It was Friday when trading tends to be lighter - but this was more than a Day-of-the-Week Effect.

    This is looking like consolidation now rather than the start of a big pull-back.

    I've been saying we need to see a big down day to confirm a bearish tendency. We haven't seen that yet.

    So - at this stage we've got consolidation - waiting for the next move. The odds are beginning to favour the upside, but I'd like a confirmation day, one way or the other.

    Redbacka
 
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