Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
Today's OzRant will be up later - everything that I need to prepare it is on my DreamHost server, and the webhosts are taking far longer than anticipated to return everything to its normal operating condition.
Suffice it to say that the losing streak for the Oz market extended to eight days, the All Ords dropped as near as dammit to 2.5% and volume was no indicative of a 'blowoff' just yet. Centro got hammered again (CNP down 23 percent again).
The Ords is is still 300 points above the swing low from last August, and almost a thousand points above the 'standard' measuring target on a technical basis. It's not going to get to the measuring target in a straight line though...
