XJO 0.74% 8,285.2 s&p/asx 200

is it cycling according to vibration number?, page-33

  1. 7,396 Posts.
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    I know we had a big fall on the DOW. Yesterday I was suprised at how the XSO (small ordinaries) outperformed the XJO.
    Looking at depths in some small caps that I follow, they seem firm.
    I regard the XSO as a bt of a leading indicator (under certain conditions).
    Makes me feel that we may not fall the 76 points the futures are anticipating. Also I think the retrace will not last for long.
    I think the 4500 area is a major support level as can be seen in the monthly.
    ie8
 
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