friday after thursdsay, page-48

pattyp - pjsimon - pwillow1

Thanks for the feedback - after a bit over 2 years in The Market & reading posts on HC I have come to value the perspectives of others highly.

Re; "Don't suppose you have the same analysis done for XAO and SPX...? Is the delta similar...?"
Not as yet!

Re; "So... Question is, is the XAO lagging and should be higher, or is the DOW getting ahead of itself...?"
IMO probably a bit of both!

The bear in me is impressed that the DOW just ploughs on upwards despite bankruptcies, imploding ponzi schemes, 10% unemployment, wars galore, mounting government debt etc. Meanwhile the so-called developed world's supposedly strongest economy's XAO has panic attacks as it continually tries to second guess the DOW, dodge RBA bullets & decide whether or not the China story is for real. In short [sic] the USA has Go-Low Bernanke & Stimulus Geithner while we have Higher Rates Stephens & Godwin Grech .... is that a mixed metaphor [lol].

My sensors tell me some instos. have reduced their positions and realised gains to enable the publication of new marketing materials on how well they've done. They may yet shed a bit more!

As shown in the charts the bull in me sees a recently formed symmetrical triangle formation for the XAO and the possibility that on a 4th attempt the DOW may thrust through resistance. I will be very pleased if Santa's rally is already underway & gains momentum that continues to at least the New Year.

4YIO-NFA-PDYOR