Emini Trading Update – Sunday 8 Apr 2012 (8:42)
OK, back home in Sydney – and it’s hot and steamy. Nothing’s changed. The coffee is still good; the taxis are still bad; beaches are still magnificent; house prices are still stratospheric.
Hope nobody was caught off guard by last week’s sell off. The bottom of this down move is not in, but Friday’s close was a little manufactured. I wouldn’t be surprised to see a bounce back to where the Professionals can find more liquidity to get Short again. But trading Monday will be a little choppy since not everyone will be back from Easter.
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