A great opportunity in the next couple of weeks. There is a real...

A great opportunity in the next couple of weeks. There is a real sense of pessimism in the market and until we see any signs of a recovery I would expect the stock market to head towards the 4500-4700 region. We might see some intervention in the market from the Chinese government, but, how long can they prop the market and the inevitable wave of selling. Once the hedge fund managers and the short sellers get a whiff of blood they will go for the throat. Thankfully I am not holding any stocks at the moment and all my super for the last 2 months has been in cash, so I am in a happy spot.

There should be plenty of buying opportunities, just be patient. The time to buy will come, it doesn't have to be today. My feeling is that the market hasn't revealed all its dark secrets. Good luck to all.