If you draw the tram lines on the XAO, as Sandune said 4800 or...

If you draw the tram lines on the XAO, as Sandune said 4800 or there abouts is the bottom. As the XAO overshot the top it will probably undershoot the bottom so say 4700-4750. If it holds we are still in a bull market and this will have been the expected correction. Fundemantals haven't changed just greed to fear. And the men in black know how to work that. With end of financial year two weeks away I'd say if it holds around 4700 to 4800 the market will pick up in July and the fundies will have had a good 05-06 and come July can add points for a good 06-07