I see this as a dead cat bounce - we might see another day to...

I see this as a dead cat bounce - we might see another day to the upside at most on the ASX then selling will resume. How much FAR sells off depends on how many institutions or people get called on margin and the resilience of FAR holders.

The ASX recently tracks with the S&P - banks and sentiment are position to be headed down after this corrective bounce. (S&P to turn around 2000 and resume selling).







I'm not entirely convinced this marks the beginning of an upward trend. I sure hope it is, slightly annoyed i missed out on purchasing at the extreme lows...what a bargain for those who did.

All that aside, the monotony that has engulfed FAR for the past 3 months or so has well and truly gone. My commsec account has been in overdrive with regular monitoring. I don't know about all other holders but the next 3 months, especially December/ Jan are gonna be an exciting time. The negativity seems to be subsiding and the 'packer' style comments are becoming fewer and farer between! The shorters would have a bit of doubt creeping in to their minds!

GO FAR!!