6 month chart with different view, page-9

double bottom and support at 12,000. breaks that with more expected financial troubles and who knows? might range trade for a while. stock pickers market here [as always]. i am looking for oversold blue chips on very bad days to trade.
Looking at banks QBE on very bad days for intra day bounces. Yields will rise in the sector as rates rise.You can get over 7% on cash with no risk. you can buy banks with over 6% FF dividends. Maybe thats not compelling enough yet as the sentiment plays out short term. I am expecting some great buys here in the next few months. cash is king and debt is the devil in this market. The property stocks still need to find a bottom. QBE is near 10x earnings and its probably one of the best run conservative companies in oz. Charts for the banks are in down trend, so get ready. good luck.