cmc 5 minute with fibs, page-24

G,

Impresses with your forecasts so far.

Now help me out with this.

XJO running near all time highs ,unemployment at a generation low ,presume retail figures for Dec will show propensity of the Oz public to shop heavily,infation moderate ,albeit in the top band of expectations,mining exports at a record .

Yet...in such upmarket conditions you would think the SPI would be running at a premium to XJO,no ....at the moment at a discount 5607 /5595 a discount of 12 points .Doesnot make sense .

So I ask are the institutions who control certainly the day market in spi trading bearish ,have they got info we are not prive to???.

Your comments please.