Hey Pisces, yeah I've tried to be careful to seperate our market and the US. Not sure if anyone remembers however I wrote a while ago how XJO had significant resistance while the dow and spx had clean air and that situation would reverse and become XJO as the one with clean air and dow and spx would suffer. This is a perfect play out of that scenario. The US can't fall without everyone else catching a cold at some point, however a base is a base and can't fall over so easily - that's where the local market has it over so many other markets, we have too many stocks with sustainable time based technical platforms.
So with the above in mind don't always include us in any comment I make on the dow, we're much stronger at the moment. 16th November is the next important date I have for US.
Cheers
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Shanthar Pathmanathan, MD
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