So, let me get this straight for the record...Gann45 believes...

So, let me get this straight for the record...

Gann45 believes that the Aussie market has topped at 5390? We all know it is due for some kind of correction, but it seems that gann45, sandune and other colleagues feel that it is down a way from here.

I have several questions:

a) Gann45, how many degrees was this top from the bottom in Oct 1987 (where you mentioned it has all come from, I'm assuming this is where you are taking your maths) and how do you know that it won't be any of the degrees further up?

I thought one of the bases for Gann technique (and I am by no means an expert, far from it, am probably the most inexperienced person on the forum and have just done some light reading - a little bit of knowledge is a dangerous thing!) was that when the squares of price and time co-incide you should look for a change of trend but you couldn't be sure this was going to happen?
How can you be sure that was the top?

b) What are you guys going to say if the market at some point in the next while goes higher than the top you have called? ie. how will you justify it?

c) Now that our esteemed Treasurer has made superannuation the most attractive (for the majority) investment for the whole country, won't every man and his dog be running to funds and depositing more of there hard earned into ... um, equities?

Why would the funds take money out of commodities and equities at this point in time when they are about to make the biggest dollars they will ever be able to get their hands on from this point going forward?

Where is all our super money going to be invested if the market crashes and everybody holds cash??