golden
Junior Member
Posts: 399
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Post by golden on Oct 30, 2011 11:47:00 GMT 10
Halloween Monday..............Worse luck  ....................Still, if you need a few kids to work down the mines, it could pan out OK  Meantime, these guys are waiting for a flight  Take it easy out there guys g Attachments:
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lance
New Member
Posts: 18
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Post by lance on Nov 1, 2011 10:15:27 GMT 10
Looked liked O/S sellers in the market match out yest looking for liquidity. XJO was down roughly another 30pts in the match.
I have seen it to a smaller degree in the past and it has been a good indicator of market weakness over night.
Lance
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Post by cyclops on Nov 1, 2011 16:20:15 GMT 10
Australia's central bank cut its key cash rate by 25 basis points to 4.5% on Tuesday.
The Reserve Bank of Australia's interest-rate setting board said that trade performance is starting to see some effects of a significant slowing in economic activity in Europe.
It also said that commodity prices, while still at high levels, have declined over recent months. "It is likely to be some time yet before concerns about the European situation can definitively be laid to rest and the effects of the recent turmoil on confidence may result in a period of precautionary behavior by firms and households," the RBA board said.
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....................Still, if you need a few kids to work down the mines, it could pan out OK 
