Zanzibar, I'm not trying to trample your positive thread but...

Zanzibar, I'm not trying to trample your positive thread but there are plenty of long term technical arguments suggesting we are somewhere near where we should be had we not had a resource bubble. Short term over sold perhaps, but not long term imo.

Add to that the current housing market and slowing economy I can't see us doing anything significant to the upside in the next 12 months other than bear market rallies or range trading.

Don't read me wrong though, I would love for us to form a nice base and rally.

I think the best we can do is perhaps a rally because of volatility before xmas and then continuing the grind sideways or down.