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Bluechip Watch & interest rates

  1. A few bluechips to possibly watch (sorted by 10 day ma support levels on my boards);

    WMC, NEM, CSR, RMD, CBA, WFT, SUN, BHP, MIG, BLD, WES, WOW

    As a matter of "interest" i think its a mistake to raise interest rates just yet, market still far too weak, confidence still poor, neverthless, RBA will do what it wishes to do on its own terms rather than the media & analysts who speculate a definitely yes (LOL). I could have posted the latest chart of XGP index minor weakness (analysis of around 10m records since may 2001), but have just returned from a pleasant day bushwalking.

    Hellraiser, U will be pleased that CBA & SUN are in today, it was not my doing, thats what the data analysis came up with.

    Bottoms up, we may see blue skies here (in AUS) if ma price of my XGP index reaches a new high convincingly (possibly within a month). When USA sneezes we (& others) tend to get a cold, thats just how it seems to work with germs. Latest sneeze was reports of their unemployment number rising from 5.5% to 6%. Media beatup fueled by establishment propoganda or not.

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