treggs, the usual advice is to find stocks in an uptrend despite the market down turn, cos they will usually be the leaders of the next bull.
nab and anz getting hammered again today, nab off 35% since its highs. if there is to be a rally, it will have to rely on the leaders - miners and banks - to leg each other up all the way... with some help from the third string industrials, like today. Its the stability of the miners and help from the third string that is holding the market today. Its possible, with everything so oversold, but I've been calling an oversold rally for so long its about time I gave up.
Now that would guarantee a rally.
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