fabilous friday, page-47

Barrowboy,

Cheers. I can't quite get it to touch at July 07 but it's as near as dammit which is near enough for me. I'm actually finding it fairly easy to envisage another touch in the next week or so but that's what I get for being a bear. I've been reading around a bit but I can't help thinking that everyone's targets for support are a bit light on. SPX is in the 600's now but bhp is still up at around 28 and ANZ is still over 12... Makes me think that we'll need to see low 500's on the SPX to get a decent break (short term only) in the local market.
Medium term I'm in the SPX 400 to 200 camp... then I'll need to reassess.