october 10, page-148

......The fundamentals since 1984 in the Australian market (before that I consider the fundamentals to be different) gives us a projection of 4010 in relation to the long term projection of this market

...high point projection 4550

...mean average..........4010

...low point projection..3300

...So just a correction back to the mean average imo !!!

...now the figures on previous bear markets above todays closing figures

...JUN 1901 to NOV 1903...46%
...JAN 1906 to NOV 1906...46%
...NOV 1919 to AUG 1921...47%
...SEP 1929 to JUL 1932...89%
...MAR 1937 to MAR 1938...49%
...JAN 1973 to DEC 1974...45%

...So you can see as they say..."we are good Company" !!!