wednesday wranglers, page-50

Hi all

I want to be as positive as I can be but the situation is looking very gloomy for the Aussie market in particular based on fundamental facts.

CBA is exposed to more than 1 billion dollars in ABC and Allco. The bank major is on a shaky front and already downgraded and the stock has lost 20 % in 2-3 days.

RIO is already facing problems and they would hope BHP would take them over. They have already cancelled expansion projects.

Alumina has cancelled the Wagerup expansion and its price is being hammered.

The small iron ore miners and coal stocks are crushed.

BHP now has to get into a big debt trap in trying to take over RIO (the only winners are the advisors who make a cool 3-4 billion dollars)

The Aussie market, a very small market, is having this much problems to cope up and additionally the media is hyping to bring down the property market also.

There seems to be no hope for medium to long term (say 5 years)

Chartists could however give me and others hope and confidence based on technical analysis

Sara