Thanks for your view Saintstok I Emailed my neighbour the same question. He lives off the stockmarket Thats all he does, great lifestyle. This is what he wrote back
My best guess is this is the start of a pullback . The technical guys say we could get down to 3800 by mid November . BHP and RIO are heading down over the next month . Oil price should weaken too . Big four banks are overbought and should pull back too
This seems to be in line with what you are saying Saintstok you say small gains 6-12 months. My neighbours saying a pullback till Nov,than were off again