31/07 Indices, page-207

I dont know what you're on about, but this discussion goes back a few months when redbacka posted this: Post #: 66202117
Among other things he wrote:

"XJO can be a bit deceptive on a chart as it always opens at the same level as the previous day's close. Never any gaps on an XJO chart.
STW is a tracking ETF for the XJO and can often give clues as to investors' thinking not available from the index."

He then proceeded to state that somehow the STW chart, pre-empts the direction of XJO.
It was BS then, and its BS now.
XJO leads, STW follows. Simple
Anyone who thinks otherwise, be prepared for a torrent of ridicule.