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so who wants to short the $AUD with me?

really? because i don't think ANYONE can tell me with ANY degree of certainty which way things will go when settled. okay hows this then? same info, worded differently... "..i see it trading at support of 4800. indicators point to a settlement at 4650. after that, it's anyone's guess..."

these banks should just collapse. the Fed "propping up" private institutions means they may retain a stake somewhere along the line. it's socialist, not capitalist.

interesting - SOLID 4800 support level with a possible drop down to the 4650 mark before either a rally or a further fall away on BOTH the XAO and XJO.

3500 - while there is great support there - i think is a little pessimistic. i think it will have to be a hot day in hell for the ASX to break below 4000 - that's a B-I-G psychological barrier.

yes! a range of support - not an exact figure. i said the All Ords was going to 4900 - and it has dropped to 49xx. still, it's in the 4900 so now is a half decent time to be accumulating - waiting for 50 pts isn't going to make you any richer or poorer.

i won;t be thinking about any move until the 12DMA crosses the 24DMA, and then when the 50DMA crosses the 200DMA i will look for stocks. i want trend confirmed before i place my money on the table - even at the expense of 10-15% profit

trendsta - the olympics aren't to blame for any drop in the world economy. sept 08 will be to blame. hedge your bets with gold and oil.

with the tanking of the DJI lately, i believe this now means the US is in a proper recession (ie 2q of negative growth). i see banks following suit with the value of their shares, being so heavily tied to the S&P. will be interesting to see what happens with the Russell2000 next week, if...

it's so hard to expand evand - i'm not likely to expand no matter how hard i have to work because i know the minute i do, it'll all come crashing around my ears. condolances to your mate.

geez i love your posts GR - now i can read them, that is.

no prob mate :)

if you've got the buffer behind you to wear the longer construction time, then yes. most owner builders take 50 - 200% longer to finish a house - but that is "most", not "all". if you have a number of trades in the family or your circle of friends then it may very well be feasible to build...

tubs, it's very very very easy to go under in a hot market. look at collier homes in the 80s. huge housing boom. took on a hundred contracts a month. slabs down. wait, too many slabs down. sh1t. quick, close the doors to new business. oh crap - um, where do we get the trades to finish...

see, i've got no prob with the govt spending on infrastructure with the surplus. go for it! it's what it's there for. it wouldn't impact inflation one bit (well, okay, it prob would, but by less than predicted) because it's tax money. the trouble is when govt margin the tax money and create...

my prob with this is that the govt will use borrowed money to fund this. then pay interest - which is mad. why not use a surplus? a budget surplus is wealth confiscation. don't use that surplus to make interest payments on infrastructure loans.

but a slowdown is fine - don't you agree? i mean, i WANT wages to catch up. i WANT money to be readily more available. i WANT rents to rise and values to hold or quiver a bit to make headlines. because when it does,what's suddenly more affordable? the good old aussie dream. and then people...

i agree with everything there except for the growth figures. growth figures were taken from inventories (i think this was explained earlier on here by someone else as well...?), or warehoused goods. so they keep making it, but no one's buying.

man this is so theorist. what was i listening to the other day? i dunno. a guy was saying that Albert Einstein was a theorist, not a builder. he could theorise about how to put toast into a toaster but physically couldn't do it himself. sounds a lot like what i'm reading here.

perfect guys - i completely understand now. i read it wrong. cheers :)