Another day with no sign of a Santa rally, so it looks like a correction is definitely in progress. Go the bears.
Currently, XJO is down nearly 5% from its top of 3rd December. The question is how far will this correction go. The XJO could bottom at 5%. I'm wondering if a full-blown correction of 15% is possible.
XJO is a dementia index. As usual it seems to just follow the USA markets with little mind of its own. Difficult to predict. I've jettisoned my most risky holdings just in case.
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Last
8,555.5 |
Change
80.600(0.95%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,474.9 | 8,574.0 | 8,474.9 |
| XJO (ASX) Chart |