04/12 Indices, page-2

Good morning, folks. Happy Monday and the first full week of trading in December.

Australian and US markets have had somewhat of an inverse relationship recently, with the XJO flat or down while the US has been booming.

I'm thinking (and hoping) that the XJO has a bit more in it to recover some ground, while the US needs at least a small pullback in the short term. The US might end up going a bit higher before a significant pullback toward the end of the year or early next year.

I've got 7200 and 7300 as possibilities for the XJO.