Where are and where are we going? Where we are is easy.... Banks...

Where are and where are we going? Where we are is easy.... Banks are over bought and metals are over sold.
Were we to rally fro here, we'd have the likes of ANZ and CBA continuing over bought...while that big battered and bruised Bull of BHP emerges from the brink of death to catch up.

Or... banks take a breathed while money rotates into under performing miners.

Remember...it's the downtroden unwanted that lead rallies, not the woolworths and safe havens.

The big spikes today were the riskies. Whether it's a flash in the pan remains to be seen.

The big end of down can play markets like a violinist and if the tune sounds plausible---oh look, everyone, Europe is fixed---everyone dances to their tune....

That is where we are. Today is also end of month, end of quarter, end of first half, end of financial year.

Let,s see what next week brings.

That is where we are. It's also end of month, nd of quarter,