It was over for Australian stocks back in 2007. The ASX200 is currently almost 20% below it's November 2007 all-time high - 11 years ago!
The bear market rally since March 2009 remains stretched, overbought and over believed. Wave patterns, momentum and sentiment indicators were flashing warning signs throughout July/Aug. A decisive break below 5600 would confirm a third wave down and signal a resumption of the underlying bear market which commenced in November 2007.
Its Over, page-436
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