re: 100 plus point rise tonight It does not really matter which...

  1. 4,005 Posts.
    re: 100 plus point rise tonight It does not really matter which way the DOW will rise, it will have almost zero affect on the XJO.

    The problem going forward is that China's appetite for commodities albeit strong also know how to play the game.

    China is on the verge of slowing the economy; because basically, commodities are becoming too expensive for even China.

    Since the Aussie market is widely commodity based and the bull market on the XJO is commodity based - largely, there are coherent danger signals the XJO has become too China dependant.

    Forget the interest rate debacle in the U.S., China is giving real reasons for worry.

 
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