ASX 200 trading the range - not shorting, but sitting out

The ASX 200 is amazingly predictable. From the 2009 low, average annual growth less than 11% - long-term there are better markets to invest in TBH (especially when you consider that the AUD has lost 42% of its value vs the USD in that period).

Trading within a tight parallel trend-line (with a few brief times outside the range) for almost 15 years. Price today appears to be on the upper trend-line, which would suggest over-valuation. I will check-in again when the price is in the 7300 to 7100 range. However, since the AUD is looking like it will continue its free-fall, I may consider other markets. The markets may gain, but if the currency is de-based, the gains are not real - especially when you consider capital gains tax etc etc. Actually, it would be a very positive thing for investors if the next government (I strongly expect a change in Government at the next election) removes Capital Gains Taxes on investment gains.