10 Year ASX Performance

long term chart

 

This chart from FNArena clearly shows the depressed current state for risk assets in Australia. We remain in a down trend until such time the market rallies sustainably above 5000. This seems unlikely in the next 12 months but you never know! The 4000 level is my key support point at which time if this unlikely  point is reached I will exit all positions. I see the near term future as a slow progression to wards the 5000 barrier. It is a time for strong profit protection through stop loss and sale on targhet achievement.