We are not in smart money territory.
Dumb money got in couple of weeks ago and probably need to sucker a bit more in to make the wash-out as potent as possible to find an important low for a Xmas rally. Without that low there will be no Xmas rally.
07/08 Indices, page-115
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7,777.7 |
Change
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| Open | High | Low |
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| XJO (ASX) Chart |