Long Term View. 29/6/2010

Sometimes I wonder if all the talk about the current situation doesn't cloud out the long term view. So - let's make it clear. The following summarises much I've said in the past with just a little new information 1. This is year 0 in the decade cycle. Usually a poor year. 2. This is the second year in the presidential cycle. Usually a poor year. 3. That makes for a double whammy. More specifically. 1. the 13/150 DSMAs on the XAO have crossed negatively. 2. indicators on the XAO monthly chart are negative (10-Month MA, MACD, RSI, Slow Stoch) 3. the XAO 50/200 DSMAs have suffered a "death cross" - since then the XAO has gone back up to the 50DSMA and retreated, confirming the seriousness of the previous cross. (See chart above) I think it's time to buy in Nimbin - or better still, learn how to sell short.:) Cheers Red