To begin, readers of poetry must consider that a poem does not always speak to the poet's own ideologies. When referring to a poem's message, readers must refer to the speaker's intent with regards to the action. (Just a little side note on poetry.)
The admiration and fear of the speaker (or narrative voice) of "The Hunting Snake" regarding the snake is obvious. Judith Wright's word choice allows the speaker's admiration and fear to be openly seen.
The fear of the speaker is denoted with the use of the following words: froze, reeling, lost breath, fled, and fierce.
The speaker's admiration for the snake is denoted through the use of the following words: great, diamond scale, lost breath, eyes went with him, and splendid.