monday meanderings, page-72

Zanzibar, it is interesting the way this bear has played out. we first saw financials fall sharply whilst resources held up. Then banks seemed to consolidate and move sideways in a range for months whilst resources were donged on the head. I suspect resources have bottomed and will now move sideways for a bit and now it looks like financials may be hit again.

All we need is for Fins to fall and resources to move back to the bottom of their trading range (BHP at $24 again ??) and suddenly your 3200ish is looking mighty likely.

Sigh, When will it end.