leading up to a black tuesday, page-33

Glad I am not holding anything longer than about 2 days currently, just not worth the stress especially holding over a weekend. The strength of the rebound by the ASX was way overdone, we had our biggest fall in 6 years backed up by our best week in over 15 years. The rebound went way over the mark, we really needed some consolidation for a few weeks to see where it was going, but the bulls (and the media) just ran away with it like nothing had happened. It was a fairly good reporting season, with some companies delivering outstanding results which bouyed our market but now we are past this it wil be interesting to see what news can sustain the market to push on. I personally hope the ASX comes back a fair amount, I will play the shorts on the way down, but will be keeping a watch on quality growth stocks which should be accumulated on weakness (BHP, WOR, QBE, LEI, etc) Good luck...