If the ASX followed the above pattern it will be 1700 in 2029 (cue shrieking and self harm).
Its a high volatility bear market.
The algo trading platforms (75% of NYSE volume) and the swing and trend traders will make a killing.
The equity oriented superannuant IS the kill.
ASX since 2007:
- down 53%,
- then up 56% on "US Fed QE stimulus" (still down 27% overall from 2007),
- then a current leg down of 16% (down 39% overall from 2007).
See the Big Picture Trend?
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