Here is some interesting analysis of the S&P 500 based on the elliott wave principle.
imo we may see the similar moves on the XJO but with less volatility.
http://www.safehaven.com/article/22150/market-report-setting-up-the-next-decline
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 (20min delay)
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Last
8,610.2 |
Change
39.800(0.46%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.6 | 8,570.4 |
| XJO (ASX) Chart |