A more immediate question is why the divergence/under performance over the past week, positive overseas index moves 'usually' result in moves in the same direction here. Not happening. Last night we have the S&P500 moving up strongly and looking to confirm a break + europe was up, this morning asia is up almost across the board.
Yet we just turned negative for the day? .... and still threaten to break downwards?
I mentioned yesterday, I saw something similar in 2007.
Also, I agree on the root cause of the under performance of the past 2 years: LABOR
under performing, page-7
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,335.2 |
Change
35.000(0.42%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,335.2 | 8,300.2 |
| XJO (ASX) Chart |