overnight action

We start off with an interest rate decision out of Australia the high yield currency may be buoyed and a rally in the AUd is bearish for the greenback which is bullish for Oil
We have all kinds of german data later from retail to manu data it is likely to be positive
The amount of sway the asian markets hold over our markets considering the relative neophyte state and that we do have institutional exposure to my knowledge seems way over the top
even though the Chinese for the most part got the credit for the drop(now I truly know what it means to be shanghqai'd)to me this sell off had more to do with Friday jobs and the ridiculous September axiom and the overall sentiment by most that we have come too far too fast
I say if you get good news go up today the threat of bad news had more power than actual macrodata there is another axiom about a market that does not go up on good news must be...
The bear pattern that we spotted this morning had uncanny results as we found the support spots where we could buy bounce sell reset lower repeat
Trading went very well I took a hit on the Immu and sold it for a loss after the bell on the stock sale news -when a company sells its own stock to raise cash there is no doubt in my mind that I will get another shot lower there was other bearish news out on the sector to go with the poor market.
ERF looks good at 21 now with 18 cents return makes even more sense over the UNG you guys
have barely chimed in on this one makes me wonder if you decided that I missed the boat on the analysis since I berated it the fund is down over a dollar I took a quarter loss way better than a point and a half sometimes you have to cut the bait.