redback report. 24/6/2010, page-3

Hi Red,
My sombre outlook is in sync with the charts and data you have provided. Without objective data, its hard to know if your out of your tree with perspective.Its also easy to get lost and overwhelmed with detail.

While the rally was happening, I couldnt see how anything can go from hanging onto life by its fingernails to a robust sustained recovery, was expecting a relapse and started selling assets/investments 4 months ago with the primary aim of staying intact and reducing our debt.....uncertain if I finally got my timing right.....thats the tricky part.

Hedge funds have been shorting Australian banks
http://www.theaustralian.com.au/business/us-hedge-funds-dump-australian-bank-shares/story-e6frg8zx-1225875702144

Ive borrowed a book on TA, but its collecting a thick layer of dust and growing a crop of rhubarb, might get around to it at the end of the year.
Really appreciate you sharing your work,
Mrs S.