re: 20 year chart xao/3450 The secondary correction is likely to test support at the 2002 high of 3450. This would amount to roughly a 50% retracement of the primary up-trend. This is not a prediction but a warning to those traders who may be tempted to ride out the correction. Based on observation of the All Ords over the past 25 years, the index has regularly cut back to test support at previous highs during an up-trend.
20 year chart xao, page-4
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