Hi Makybe - I don't chart XAO: I can't trade it so don't care too much about it. The XJO and its' derivative SPI200, together with the various composite Sector Indices are what interests me and I guess most other traders.
I do believe that often times financials (not just the banks) lead the way out of a bear market in the USA. I don't think I've seen any evidence that this is the case here in Australia but it could be so. Voltaire or others may have some data/experience regarding this.
I think the chances are that BHP, RIO, Woodside and the other large Materials stocks will need to perform well for the XJO to rise significantly and so of course will the financials (given they make up 40% of the market cap of the XJO or thereabouts.)
Good to have you on board and glad you like our company!
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Hi Makybe - I don't chart XAO: I can't trade it so don't care...
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