redbacka's simple moving average monday, page-28

The XJO seems to follow the DOW/ s&p500, down but not up.
It is unsustainable for this to keep happening and makes little sense imo.

This chart shows how easy it will be for the S&P 500 to fall considerably if the poo hits the fan. The PE ratios are of an average value ATM not a distressed value, which is much lower.

At some stage the XJO/XAO may detatch itself from this pattern or we will go down with the sinking ship imo.

I have read the XAO average PE is alot lower than the S&P 500's or DOW's. Im not sure how to get the average XJO or XAO PE's if anyone can help?

Hope this makes some sense. short term trades for now imo.