I am a bit of a fan of the XVI (SP200 volatility) as a predictor of short term direction for the XJO. The XVI has been correct in moving inversely to the XJO for at least the last 3 sessions, showing direction the day before at the close. At the close on Tuesday the XVI was down by over 3% so I would pick a rally tomorrow in the XJO.
In the near future I will try to analyse if the magnitude has a statistically significant correlation.
Brothers Wednesday, page-5
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Last
8,214.5 |
Change
-8.500(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,223.0 | 8,228.3 | 8,200.0 |
| XJO (ASX) Chart |