long term xao investment disaster ..., page-5

It is interesting that the Thai Budgie should mention the 1987 high of 2300, because since that time multiples of 1150 (or thereabouts) have marked significant tops and bottoms for the XAO. Not the least significant being the end of the secular bull market at about 6900 (6 x 1150).

This is why there is so much vacilation around the 3450 (3 x 1150) level at the moment. I predict this level will fail and we will get a 50% reaction rally from 2300 (2 x 1150) back to 3450 before descending to the final bottom of about 1150.

I bought gold bullion and gold stocks over the last 12 months and I sleep really well at night. Now I just need a gun.