looks sick as does all other indices, page-2

Good article

Bit of technical from Twiggs - XAO

The All Ordinaries has retraced from the psychological barrier of 6000 after an extended rally. Twiggs Money Flow (21-day) has been warning of profit-taking over the last 3 months and this correction is overdue. To put the retracement in perspective, the index is still in the top half of the trend channel (drawn at 2 standard deviations around a linear regression line). The time is not yet right for bargain-hunting: a healthy correction is likely to test the lower border of the trend channel, which coincides with the first line of primary support at the May 2006 high of 5300.

Long Term: A fall below 5300 would signal that the primary trend is losing momentum. However, only a fall below the June 2006 low of 4800 would signal a reversal.