Speaking of switching between resources and banks:The graphs...

Speaking of switching between resources and banks:

The graphs (not enough graphs lately) of ANZ and BHP illustrate it pretty clearly since Jan 22. The market seems confused but looking at the two a lot of money could have been made in a flat market (would have been flat if both the two stocks were held/unheld simultaneously).

This current divergence (no. 4) is pretty extreme but if it has an outcome like no. 2 and 3 (which also saw BHP up vs ANZ down) then it possibly indicates an upcoming rally in the banks in the next few days (although I agree bank dumping has been back in vogue lately).

No 1. was just before Jan 22 and had ANZ up vs BHP down. The outcome was a fall in both. panic. noooooo. Centroooo.

ps does anyone think that all these brokers going bust are just try hard bucket shops that may have taken too many wrong positions? Personally I'd like to see some of the short selling hedge funds burned! One can't force down stock prices for ever (except maybe 1929)

ps need some more graphs. XJO vs DOW