DOW and XAO will fall much further. From April 2003 XAO has...

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