Frankie I appreciate you passion and your strong opinion. I dont necessarily disagree.
However I do disagree with your constant "world wide meltdown" panic striken tone.
No financial crises when it occurs is like anything before. It always uncharted territory - though the methodologies for repair are typically the same.
I see more downside and I dont believe a bottom is in - unlike WHEEPO.
Banks have still more damage to come (alt arm in US etc...) and BHP are going to feel the effects of a global downturn. Lots in the news about China tightening the screws with ore pricing.
Given the big 4 banks and BHP constitute 30% (very roughly) of the market - you bet theres more downside to come.
The question is when will the market which is pricing in future action decide the worst is over and rally.
I expect Nov Dec 2009 early 2010 - we will see. mean time I expect the low to be retested or drop lower to next support 3075 or the 2700 that a few have mentioned.
Could possibly see sideways trading until some decent volume returns.
