From Colin Twiggs
http://www.incrediblecharts.com/tradingdiary/2009-03-09_markets.php#asx

The All Ordinaries is testing short-term support at 3100, low volume
indicating that this level is unlikely to hold. In the long term, breakout
below 3300 indicates a primary down-swing with a target of 2700, the
March 2003 low.


http://www.incrediblecharts.com/tradingdiary/images/20090309_xao.png
The ASX 200 is likewise headed for a target of 2700: its 2003 low. Twiggs
Money Flow (13-Week) respect of the upper trend channel would add
further confirmation.
http://www.incrediblecharts.com/tradingdiary/images/20090309_xjo.png