in the 5 years leading up the 87 crash the XAO had risen about 400% and corrected by 62% of that.
in the last 5 years the XAO has risen about only 160% and has corrected by 38% of that.
the proportion of retracement this time seems about right to me.
percent comparison with 1987
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Last
7,897.5 |
Change
48.100(0.61%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,849.4 | 7,907.0 | 7,849.4 |
| XAO (ASX) Chart |