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I predict

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I picked 3500 as a bottom for the end of October but it took a little longer than I thought. I think we need to see RECESSION HITS in the papers before it bottoms out.. it will keep dropping until someone can actually stand on top of the beast with a spear watching the dying creature finally stop twitching. Then people will know its not going to get worse, and fear will turn into acceptance as the slow process upwards begins again.

March next year is the bottom at 3000.
 
You may be right with the 3000, but I think Australia may start to decouple from the US soon, and a bounce off 3500 will not suprise me. Whilst not trying to make a statement, I know I have felt the effects of our rate reductions, so others must feel a bit more comfortable than they did a couple of months ago, albeit wary.
 
I predict that we will hit the overall bottom @...............


the moment we hit it , not a moment before not a moment after

but other than that enjoy the tradeable bounces speaking of which one due very shortly
 
I don't think we'll see the bottom until the banks finally write off the toxic debt rather than just writing it down...

I'm convinced they're hiding more.
 
Hear a rumour that people are still taking cash out of the Banks in Gympie, I would give it some credit as well
 
I predict this
 

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I think your chart is more correct, I do hope the market maintains the trend. Fair enough too, I think we are overly punished.

IMO, the big payback day for our abuse of credit is a way down the track.

Chuck a bit more coal in the furnice and we'll chug along a bit further on the road to riches!

We are very resilient us human beings...
 
I notice on Snakeys chart we couldn`t make 1000 points in six years from 1998 to 2004.

Once this bottom is in I suppose a flat/slow growth phase over 3 years.
 
Yes, it seems, 1000 pts, or 40% is not that flash for investments over a 6 year period, especially when property doubles every 7 years.

But different vehicle choices may assist with growth.

Gold? Currencies? Business?

Even CFD's may offer a good return because of the leverage, if u r game!
 
nice charts snakey, very true indeed.

just like every generation the forest catches fire, burning down, ridding itself of excess's only to create a more fertile ground for new growth, it has to happen........
 
Gundini said:
Even CFD's may offer a good return because of the leverage, if u r game!
Click to expand...

With central bank interest rates low it is probably feasible for a longer term long contract on an index, XJO or whatever sector has good growth.That is once the low is in.Interest on margin would be offset by stock dividend credits.

I want to do this and am waiting for the right time.
 
Have to agree, does not look pretty.

All the same we are surely bottoming, but can anyone say that we have seen capitulation yet with any certainty?
 
Gundini said:
Have to agree, does not look pretty.

All the same we are surely bottoming, but can anyone say that we have seen capitulation yet with any certainty?
Click to expand...

Probably be some optimism running up to Christmas but after that I really cant see where any good news will come from.
 
Gundini said:
Have to agree, does not look pretty.

All the same we are surely bottoming, but can anyone say that we have seen capitulation yet with any certainty?
Click to expand...

Nope , ppl are still buying , we havent seen the masses give up yet
 
We'll get an Xmas bump from KRudds handouts and then in January everyone will default on their credit cards
 
1080p said:
We'll get an Xmas bump from KRudds handouts and then in January everyone will default on their credit cards
Click to expand...

Spot on then Obama will give us a lift at 12:00 noon Jan 20th on Inauguration Day 2009 - then by about 3PM that day everyone weill realise thats not going to work and well... I cant think of anything to look forward to after that except picking up bargains at some point, but of course they're only bargains if they will grow within a reasonable time.
 
Gundini said:
Whilst not trying to make a statement, I know I have felt the effects of our rate reductions, so others must feel a bit more comfortable than they did a couple of months ago, albeit wary.
Click to expand...

Wonder what people will be doing with the savings?

MrBurns said:
Probably be some optimism running up to Christmas but after that I really cant see where any good news will come from.
Click to expand...

I think after christmas the real effect of this mess will be felt by the masses. Watching for job losses.

nunthewiser said:
Nope , ppl are still buying , we havent seen the masses give up yet
Click to expand...

What have you read exactly?
 
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