ok cant wait it is wednesday, page-9

I am waiting for capitulation, then I will be a buyer. What we are experiencing is death by a thousand cuts, we havent seen any 200-300 point falls on the dow, and our market has been fairly resilient considering, even though the resource sector has been getting pounded. (especially the specs and mid tiers)

There will be a day when Capitulation sets in, when people HAVE to sell for margin calls, when the hedge funds just dump stock, not because of fundamental reasons, but to just get out!! (to offset gains for the end of fin year).

I remember buying in late last June, when some mid tier miners were trading 20% below cash backing (thats ZERO Enterprise value + 20% cash for free). When the Hedge funds put out their Mandate to "just get out no matter what", that is the time to buy, and in my honest opinion we arent there yet, there has to be blood on the streets before the ambulence arrives (ME).

XJO on open today will break the trend line starting in dec 11, the Dow last night closed below the horizontal trendline (12710) and the GFC weekly trendline doesnt come in until 11800. IMHO we are only holding up as much as we are due to the aussie $ and it being options expirey week, watch the banks resilience wain by end of week/start of next week.

All in my honest opinion, I will daytrade, and hold a few cores, but hard to go Long here for anything but a daytrade.