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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I know we had a big fall on the DOW. Yesterday I was suprised at...
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