XJO aka ASX200 bounced on 200 Monthly MA

This chart shows my view on the different targets levels in terms of fibs extensions if ASX doesnt plunge again. I will set up my take profit as well as my reentry after each fib level is taken. So far we didnt get any sign of market reversal I will keep an eye on the chart and will update you as soon as I notice anything interesting. Also though past performance doesnt indicate future result we can see that in 2008 the market bounced on the same 200 Monthly MA.