yeah it's not set in stone, but certainly when I was watching during the day, it seemed to turn on a dime when the XAO also turned... The time when it disobeys the XAO is when specific announcements are released, But I think you will find that in times of no announcement what's happenning on the XAO seems to influence CMO's sp....
Note that percentage wise there is no correlation, but the thing I thought most interesting is that when Scaled as in the above graph, the sp (candlesticks) and the XAO (line) seem to correlate pretty closely (with a few exceptions) over the last 6 months!! I might do an intra-day one tonight and see how it compares :)
Makes me think that the clause in the SNN takeover document about all being off if the XAO is down x number of days in a row (I can't remember exactly what it said), has some significance....
Tony.
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