on the way back, page-18

re: downside figures for the correction... I'm not a technichal analyst, but if this correction mirrors the March correction in magnitude we are looking at a 400 point drop from the peak, which would give 4,200 as the logical resistance point - if this level is comprehensively breached, then it looks like the beginning of a trend reversal -

But commodity prices have still largely in an uptrend, underpinned by sustained demand from China, India etc. - this is the medium term demand factor that is likely to mitigate against a genuine bear market emerging on the ASX - There are some genuinly cheap looking stocks emerging atm.