fy sales, page-22

Yes, it can be argued that WOW has retraced 50% of the last bull phase and is a legitimate call.

From its short history it does show a 2 to 2.5 year consolidation period as common and we aren't even one year yet.

Even that doesn't say new lows are necessary but more that new highs are unlikely over the next year or so.

I do feel that difficult market conditions into mid 2013 locally and even later in the US, means there will be rallies but a growing sense of frustration for young traders looking for another fantastic bull market.

Those still interested after that, that can survive the ridicule your friends and family heap upon you, will do well.

If by mid next decade, the world around you has decided that stock markets are rigged, that markets just go up and down and end up nowhere, and that commodities or property are the way to go and that only fools buy shares then you will know that a 17 period of fantastic rising share prices is starting.