i think we could be at capitulation point already.for example,...

i think we could be at capitulation point already.

for example, NAB hit a low of $18.70 a few weeks back and is now stuck at $25. Same with ANZ, went to $15 and now stuck at $18, MQG hit $25 and now stuck at $35's.

the last shoe to drop is the resources, i was surprised that BHP finished below $30 today but it it gets to $25 we i think that will be the absolute low point.

as for the Dow at 7,000 i have to say i think the guy is off with the fairies.

i think we will see the ASX200 hold the 4500 point market and by the middle of this month i think we will see a nice big fat bounce back to 5200, cosolidate around that level and move back to the 5500 range by the end of the year.