support level, page-54

Well energy sector I have been advocating as a sensational short for two months or so now - although its fallen a lot now.

So I see that as been a bad sector.

I also do not like and would be looking to short if I so wished:

- Healthcare
- Materials on a big bounce
- Consumer Staples


Infact the only ones I would buy would be:

- Info Technology (probably wouldn't buy this until it shows signs of making higher lows, but its a index to buy when its ripe)
- Telecomunications ... or essentially Telstra


See essentially the market looks like shit and you would be real carfull about buying any of them.

The difference is the ones that have been hit are at big support levels.

And thus where the bounce on the XJO is likely to derive from.

As for investing in them seperatly rrrrrr.... I will stick to the diversification advantage of the XJO thanks.