Bottom picking the All Ordinaries

[wayneL]

The jawboning cannot hide the truth indefinately.

My observation is that more and more sheeple are turning into people and are questioning the nonsense they are dished out by the gu'mint and the medja...

...and actually thinking for themselves. The conclusions are almost unanimous.

 

[Sean K]

That's always been what I think is most probable this time around..

... a re-run of the 70's.

Buuuuuuuut... the speed at which things have turned to sh!te over here has left even me aghast.

I'm not ruling anything in or out. And I have turned very timid about my short term downside exposure.

There has already been lots of panick.

Are we forgetting that we've already dropped xx % in xx days?

Worst June since 1940, worst year since ?? eeeeek! Or whatever..

If the market we have created works, then we are going to see some great long term opportunities eventuate shortly.

Or longly....



Or, maybe capitalism doesn't work..

 

[Speewha]

Hello

There is a whole lot of bottom talk on ASF. At least two threads and lots of comments. Which is a good indication of where we seem to be heading and where we might end up

Anybody know the ASX code for a good toilet roll manufacture.

I know we used to have Bowater Scott but I think they bottomed out years ago.

Regards

 

[juw177]

Hey guys the bottom IS IN ALREADY!!!
aord will go back to 6000 by end of year.

 

[doctorj]

Hey guys the bottom IS IN ALREADY!!!
aord will go back to 6000 by end of year.

That's very reassuring - I'll be going 100% long now. Thanks!

 

[Speewha]

Hello,

JUW177 You are an endangered species an optimist ! Good to see there is one left.
Regards

 

[grace]

Hey guys the bottom IS IN ALREADY!!!
aord will go back to 6000 by end of year.

I'm glad you're confident. I'm not. Bottems always feel like, you are falling and falling and falling and there is no bottem. That's when finally the bottem forms. It makes you feel a bit sick in the stomach. That's when you need courage to buy! I haven't felt that yet. Not this time anyway. We need one of those days. The sooner the better!

 

[Broadway]

The usd seems to be doing exactly what it did in mid-jan and mid-march.

This may not be the low of year but we may get a break for a while.

It would be nicer if vix peaked, but does it have too?

 

[korrupt_1]

Another reversal candle?

This latest one is alittle more positive than the one made early this weekk.

Did we just see the bottom of this current leg down?

Fingers crossed... Aussie markets can't be that bad to justify further downward pressure????

 

[juw177]

US holidays are know to have a bullish bias worldwide, with low volume.

 

[MichaelD]

I'll stick my neck on the chopping block and declare the bottoming process to have gone as low as it's going to. What the heck, 'tis a fun game.

Why?
- there has been a blow off - yesterday (as requested by WayneL) - a good shake-out of all those in resources.
- the mainstream news has officially declared it a bear market.

 

[Sean K]

I'll stick my neck on the chopping block and declare the bottoming process to have gone as low as it's going to. What the heck, 'tis a fun game.

Why?
- there has been a blow off - yesterday (as requested by WayneL) - a good shake-out of all those in resources.
- the mainstream news has officially declared it a bear market.

Sorry Michael, are you calling a bottom, or what?)

 

[explod]

I'll stick my neck on the chopping block and declare the bottoming process to have gone as low as it's going to. What the heck, 'tis a fun game.

I would not stick it out, even if there was only a remote chance of a falling blade.

However I do often suffer foot and mouth on this forum so am no judge.

 

[Speewha]

Hello,

Bottoms that have blown off.. how low can it get !

 

[korrupt_1]

- the mainstream news has officially declared it a bear market.

Do you think it will stop going down now that it's a confirmed Bear market on the DOW?

I doubt it...

The confirmation may entice some bargain hunters to top up on oversold stocks and a much needed relief rally may start, but fundamentally its going to go lower...

The Dow slipped into a bear market for the 12th time since 1962 yesterday, according to Westport, Connecticut-based research firm Birinyi Associates Inc. Prior declines averaged 29 percent and lasted 322 days, Birinyi data show. The biggest was a 45 percent drop over 694 days starting in January 1973. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aghpdCq8n9xo

 

[Aussiejeff]

Do you think it will stop going down now that it's a confirmed Bear market on the DOW?

I doubt it...

The confirmation may entice some bargain hunters to top up on oversold stocks and a much needed relief rally may start, but fundamentally its going to go lower...

As of late, I would call it the *up, DOOWWNN, up, DOOWWN* syndrome....



AJ

 

[roland]

sort of more like up, down, down, down, up, down, down, down - now if I could just get a couple of ups before the next down, then I could dig myself a little out of my financial hole I'm in ...

 

[Bushman]

As of late, I would call it the *up, DOOWWNN, up, DOOWWN* syndrome....



AJ

Wouldn't want to be your lady mate.

I'm tipping the bottoms in for the next little while given it was a nice capitualtion yesterday. Will be a dead cat bounce when the US financials announce the next round of write downs later this week. Keep an eye on Israel vs Iran too. Could add another boost to the POO.

In the longer run, who knows? Its round 9 in the Rumble in the Jungle and the bears have the upper hand. But if POO/commodities come off and property starts faltering, do investors return to equities?

 

[ta2693]

An very old proverb.
when there are some companies whose cash or assets is more than their market cap, it is the time to buy.
When people on street are talking about shares, it is the time to sell.
I find some companies' cash position is above its market cap now.
It is time to take a long position. I am 120% long.
The winter has come, the spring should not be far away.

 

[Family_Guy]

I couldn't care less if it falls a little more. I have got in on some very cheap buys, some go up the next day to make my small %age goal and i sell and move on. I have some dogs (read - most of them) and i have some that are just flat out going no where. I can't see a much bigger drop but i'm prepared and cashed up for it. All i know, is in the long run when the markets return, i'll be richer for the wait. Bring it!!



he says with fingers and toes crossed.