have a look at a weekly chart of the axo or xjo(bluechips)
1. mark the highest point
2. mark the next highest point to the right of the chart
3. market the next highest point to the right of the chart
by now you should be able to notice each point is lower than previous one.
what a reasonable man's conclusion.... its going down
cheers
alan kohler says biggest correction since 1987, page-36
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