I am starting to think that after all this reporting season we are going to have another correction in what is called the Black October.
1) Thinking about it, October has been mostly a bad month for investing in the sharemarket and large funds will start doing some clean up towards the mid-September, preparing for that month.
2) Interest rates are looming again and probably going up again befoer the end of the year.
3) Resource shares losing their shine even with the best results ever. Look at RIO best results ever and is lacking there, ZFX stuck, OSH plunch, CBH stuck and I want to see what happens with BHP next week with the biggest Australian result ever (probably the price will go up 1%)
So here we are, no going up no going down at the moment but seems the direction is down in my opinion.