re: re:1987, zzzzzzzzzzzzzzzzzzzzzz the only point I'd make Gann, is that if you take the 'worst case' for the XAO and look at the preceding 3 years both now and in 1987 you get the following index rises.
From 1984-1987 index rise was from approx 650-2300 = 3.5X increase.
From 2002-2005 index rise was from approx 2800-4400 = 1.6X increase.
.... so it's not as relatively overheated now as it was in 1987.
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