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That 5500 support level is being tested again.
What with Julia and our crazy carbon tax, the U.S stating that it is going to be quite some time before things pick up (thats an understatement) and Europe trying to work out how to give money to the pigs when there is no chance of it being paid back.
It is really hard to find anything that will drive up consumer confidence. Noni B first cab off the rank with a profit downgrade, $3.9m last year $600-800thou this year, that is one hell of a profit downgrade.
How long before major job losses in retail given the added down side of the carbon tax. Some say the carbon cash handout will stimulate retail spending before the election. However "Joe" average is still smarting from the last one, I don't think they will be as keen to runout and spend it this time.
The indicators say we will be testing the next support level very soon, I for one am supprised the All Ords has stayed above 5500 untill now.

<blockquote data-quote="sptrawler" data-source="post: 645215" data-attributes="member: 28038">That 5500 support level is being tested again. What with Julia and our crazy carbon tax, the U.S stating that it is going to be quite some time before things pick up (thats an understatement) and Europe trying to work out how to give money to the pigs when there is no chance of it being paid back.It is really hard to find anything that will drive up consumer confidence. Noni B first cab off the rank with a profit downgrade, $3.9m last year $600-800thou this year, that is one hell of a profit downgrade. How long before major job losses in retail given the added down side of the carbon tax. Some say the carbon cash handout will stimulate retail spending before the election. However &quot;Joe&quot; average is still smarting from the last one, I don&#039;t think they will be as keen to runout and spend it this time.The indicators say we will be testing the next support level very soon, I for one am supprised the All Ords has stayed above 5500 untill now.</blockquote>

[QUOTE="sptrawler, post: 645215, member: 28038"] That 5500 support level is being tested again. What with Julia and our crazy carbon tax, the U.S stating that it is going to be quite some time before things pick up (thats an understatement) and Europe trying to work out how to give money to the pigs when there is no chance of it being paid back. It is really hard to find anything that will drive up consumer confidence. Noni B first cab off the rank with a profit downgrade, $3.9m last year $600-800thou this year, that is one hell of a profit downgrade. How long before major job losses in retail given the added down side of the carbon tax. Some say the carbon cash handout will stimulate retail spending before the election. However "Joe" average is still smarting from the last one, I don't think they will be as keen to runout and spend it this time. The indicators say we will be testing the next support level very soon, I for one am supprised the All Ords has stayed above 5500 untill now. [/QUOTE]

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