XJO 0.81% 7,971.6 s&p/asx 200

wednesday wobbles, page-9

  1. 2,473 Posts.
    bonza

    i assure you, the game has not changed. the dow still has a significant impact on our market, though sometimes the correlation is not always clear.

    players in the aussie market may be percieving last night was really just profit taking so have not reacted, if dow falls again tonight, and heavier, the aussie market will fall like lead.

    the DOW is still the dominant market in world markets, make no mistake about that at all. it does not always 'appear' that way, but don't be fooled, it is.

    i think it was farsight or voltaire yesterday alluded to the idea of needing 3 or 4 down days in a row. thats what we really need for a sell off to be convincing.
 
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