I am of the opinion that we are lagging due to nerves on the US...

I am of the opinion that we are lagging due to nerves on the US GDP figures. I think if they come through ok we will see a big short term rally.

Currently over the 3960 figure for XJO...will it hold, I don't know. On my two minute intraday chart I'm getting higher lows on each retrace and higher highs...pretty clear intraday trend for me. I do think we'll see a sell off late today due to worries about US GDP though. Wait and see though.

I haven't been trading so not having money on the market may add or detract from statement. See it as you will.