global market is very sick

DOW and XAO will fall much further. From April 2003 XAO has moved up on straight line to Dec 07. It needs a hard retracement to (H 6750 and L 2750):

1) 50.0% = 4,750
or
2) 61.8% = 4,278
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From 13c ERH has jumped to 70c. Similarly FMG, FMS, GIR, MAK, LNC, MEE are very much over price. They will fall further, perhaps ½ price. If XAO fall to 4700 or lower (I think it will) then ERH might fall to < 35c. Test Fib ratio.

1) 38.2% = $0.48
2) 50.0% = $0.42
3) 61.8% = $0.35
4) 78.6% = $0.25

Good luck to long term holders