Even when corrections are over-done, things on the asx have a...

Even when corrections are over-done, things on the asx have a tendency to get even sillier before returning to normality. There are not few indicators that sentiment has turned around just yet, so there may well be better buying opportunities coming up. I can't bring myself to believe in the relevance of long term SP movements, but short term analysis has its uses. As long as enough people believe that it'll fall further it'll come true - and at the moment that appears to be the case - but the pendulum will swing back eventually.