Shorters away. Tue Dec 22

The market is up 1% following overnight leads and it doesn't look like we'll get the intraday reversal we had yesterday. Principal traders with the broking houses and hedge funds tend to provide a lot of intraday selling and perhaps they've finally packed up for Christmas.

I've also wound down but I have done a trade today so it may as well be the feature trade.

I've gone long Csr at 172. It had a strong reversal which overlapped recent lows after a 5 wave leg down which started in mid October. I'm long because it then pulled back sharply and has resumed the run. I'm looking for it to head up to the high 180s.

Yesterday's trade in Lihir Gold is down in line with the gold price fall but holding support.