Raks:"I'll be looking for bottoms to come in by around 10.20 to...

Raks:
"I'll be looking for bottoms to come in by around 10.20 to 10.30am and hoping for bounces on MZI from yesterday, and CAP, which was slugged really hard yesterday too.."

Agree on both points, both unfairly dropped yesterday so looking for good bounce opportunities on both.

SSN was only down I think 8% overnight in the US which is good all considered.

I will be watching for the regular post calamity pause when the buying opportunity raises it's head for quick scalp opportunities.

As HLL said:
"Our market has been falling for more than two weeks now and I'll be surprised if we don't see some sort of recovery today after the opening carnage"

Absolutely agree. We have been often falling whilst overseas markets rise, so I think at some stage we will rally somewhat perhaps, but will wait and see.

I also believe Germany will be pushed into accepting the Greece bailout - to reject it would have far worst consequences on their own country than to not.