Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.84%

8,295.1 s&p/asx 200

Brothers Wednesday, page-37

First 37 Last

Share
Profile

Follow
5speed

10,740 Posts.

2086

25/05/17

06:35

Post #: 24897066
Share

Originally posted by 48&34 ↑

Have done some random sampling of days around the middle of each month going back 50 months as far as mid-April 2013. One sample taken per month so 50 samples checked.
The result is 29 samples showed an inverse relationship between the XJO direction and the previous day's XVI direction. So 21 samples showed a direct correlation which is against the hypothesis.
29 correct versus 21 incorrect is definitely not a basis to run trades with real money.
The size of the XJO movement also seemed to have a poor correlation with the size of the change in the XVI, so no joy there either.
OK, so going back to FA combined with TA.

Expand

Yes, if it exists, then no harm in trying to utilize it. It's also a pity the mini SPI exists but has no volume. Good luck in your search for the 'edge'

XJO Value at posting: 5,769.0
2 Upvote

0 Great analysis

Reply

Top Stories

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Trump is President Again: What Does This Mean for Crypto?

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

IMU

Imugene kicks off Australian trial for blood cancer treatment

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

HotCopper Highlights: Your most watched and most discussed stocks this week

First 37 Last

Add XJO (ASX) to my watchlist