The pundits say every bull market has a 10% correction.
On 27/7 XAO was 6428 so a 10% drop based on that high, would see 5786 which is were we were in March. From todays close of 5965 we have another 279 points to go.
Have no idea on what the 10% is based on but don't think it is the current sub prime issue.
That being the case, the XAO could well go 10% below the March low of 5642 to 5078.
biggest drop i can remember, page-10
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