I was pretty sure you'd have played around with spread betting Jason. Too bad I couldn't bet on that one
I'm going to try and short Aussie banks.
set a trailing stop loss at 20% higher than the current price.
Set a limit at a 40% price drop.
I figure I should spread across all 7 listed banks and then wait.
I'm going longer term i.e. end of 2011.
I figure bank stocks can bounce up and down 5% of specific news so a 20% buffer should absorb any anomaly while they maintain my theorise downward trend.
Problem is that in me demo account I've already lost £800