Its a small clue, but one thing i have noticed over the years is whenever the largest stocks of an index,(via weighting) both in the US and European markets start to show a divergence between the main market it tends to suggest a reversal.
I have seen it at tops and bottoms.
We have such an occasional now, CBA is lagging the XJO.
xjo - weekend charting and chat, page-8
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Last
8,140.9 |
Change
19.300(0.24%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,121.6 | 8,150.5 | 8,121.6 |
| XJO (ASX) Chart |