GK, yes it was a good balanced read. Your 4th point cannot be under estimated. The big yield and "where else do I invest" factor will be a support. A short trade will at some time present, medium term at least as you say, but I would not rush in. I just looked at a chart and typed CAB instead of CBA. !!Very different chart. I know which I would rather be on!! Yes the banks will have a breather at some stage. But swim with the tide!! You know it will turn at some stage. Do not predict when!! Just watch for the signs. For a general LT trend I look at the 2 year weekly chart. All the big 4 look similar. I show the NAB because it is one you are interested in. There have been 3 or 4 short term opportunities to go short in the last 2 years!! The current chart does not suggest another is upon us.
What am I saying? Yep GK they are still very much in a LT up trend. An investor would go long in a heart beat. A trader would perhaps have a punt long in the short term and look for the toppy nature that they get every 6 to 9 months then bet short.The last pul back was only a month or so ago. If the cycle is constant (???) it will trend up for a few months. That "toppy time" could come if the gov changes the rules as they suggest they might. You seem to be doing some good reading, so please share your take. cheers Mower
