Voltaire,nice analysis. No doubt there will be some sort of bounce this week to acknowledge the number of cycles coming due, including 34 weeks since the July'07 highs.
But it appears as though it will be shortlived as the SPI futures are indicating a 94 pt drop on Monday, which will take us below the Jan lows and therefore lower targets from there. Looks as though Treggs / HBG / yourself and others persistence in calling a 4700 low is going to come off.
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