grantjo, SPI futures most likely going off European markets as...

grantjo, SPI futures most likely going off European markets as DOW was playing catch up and didn't go through with the job imo, probably due to lack of volume and participants? Would not be surprised to see a little more pain in the US on Monday. We will most likely take the lead from Europe and then swing to try and pre-empt what the DOW is going to do Monday night as usual. XJO sitting/closed right on a short term support line so would not surprise me to see our market flat on Monday to close above support line again? Mon in the US will be very important for st direction in AUS imo. More downside could see us down to 4450 on XJO which will be st bottom for the rest of the year imo. I will be loading up if it sees that level.