Well, some incredibly taxing empirical study has told me 6853 or there abouts.
Most liked posts in thread: How high can the All Ords go?
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I just tried some of them Magik Mushies Mr Stevens had before his lunch th' other day...
Hoo-eeee..... Look at all them purty rose-tinted colours!!
Hahaha! Gee, I'm feeling GREAT now. I reckon 10,000pts by XMAS dudes..!!
Marc Faber calling a strong rally in the next 3 months.
Even thinks spec gold companies may rally (even if gold remains static) due to the massive sell off...
now that we are down around the 50% mark perhaps OzWave is expecting a suckers rally?
If so perhaps back up to push 5000 over 6-12 months before heading down towards 1500-1000?
I am not sure myself, I have no knowledge of wave analysis, I suspect that the markets have further to fall, especially if GM, or Citi, or any one of a number of globally recognized giants actually fail.
If that happens, then we move from a kind of worried panic int a suicidal despair, the market comes down a further 20-30% to reflect the now 'more serious' downturn, and we wait for maybe a year or so before the rally.
but who knows, ultimatley the value of any market is zero, otherwise you would still have something someone was willing to buy, and you would still have a market... when they close the door and switch out the lights, the value is zero.
Until then, it will be some number other than that.
Is this the sign of the end?
Confidence must be returning if we are beginning to speak of how high it will go.
This is what i see as the minimum that will happen over the next 5years if this is to be our bottom.
Short term: i believe it will stablise somewere arround 3800 for 6 months.
Medium term: After this intial stablisation period it will head up to 4400 over the next 18months after that.
Long term: for the next 3years after that it will head towards 5500 with a possible bearish pull back to 5000
The key challenge is to keep these two thread active so that the data remains useful.
And if it is deterministic, everbody post in this thread until 31st Dec, buy lots of stocks and then only post in the "how low can the XAO go" thread (and don't tell anyone else about our little secret!)
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