xjo discount to xao is shrinking, page-4

JK, it is on daily basis. During bull market, most of the time it is stay above zero.

During current bear market, it stays well below -30.

Lately, it became so volatile. But it is worthwhile to mention last couple of times it was close to current range:

Jan 25 2008; -26 (Jan 22 low) 2 trading days from low, and eventually up 700 points from low;

Mar 25 2008; -35 (Mar 18 low) 2 trading days from low; and eventually up 800 points from low

Sept 22 2008 -30 (Sept 18 low) 2 trading days from low;
So could we have 900 points up from 4600? That is the target of 5500.

Any coments?