imo, the Aussie market completed its correction on 9 August....but the US market may have further to fall. The xjo did a 61.8% retrace of the 2009 low to recent high. All other indicators I use seems to confirm that the correction is complete. we may need a period of consolidation to allow the US market to catch up.
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XJO
s&p/asx 200
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1.37%
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8,757.2

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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a |
Open | High | Low |
8,639.0 | 8,776.4 | 8,639.0 |
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XJO (ASX) Chart |