ASX All Ords On The Edge

The ASX All Ords has spent 6 months flirting with a major support/resistance line. Which way will it bounce/plummet?

I hate chartists who say "the market is coming to an important point and will either rise 30% or it will fall 40%". Pick a side, we're at war! My pick is down, and down some more.

A buy & hold investor jumping into the market in 2010 has only gotten the 4% dividend. At least it still beats cash.