Milk Chocolate Thursday, page-17

Seems a few here calling a top on the XJO. We have just had stock options expiry which could help explain the recent rise and may help form a top.

Only problem with this theory is that the XMD and XSO charts look much more bullish than the XFL chart. In other words this rally is being led by the mid and small cap stocks which don't have options attached.

I think the slow grind higher continues till we get the next bit of trend changing news. Could be the BOJ, the stress tests coming up or the RBA