looks more like a friday nightmare, page-107

Hi All,

I have been thinking about where the XJO may head if US heads back to its pre QE2/Jackson Hole levels at around 10000.

I think most of the divergence between the XJO and DJIA is currency related. The XJO was about 4320 around the 27th August last year. The AUDUSD ~ 0.88. Now its is ~1.04.
So a rough target maybe 88/104*4320 = 3655 which is not much different to our recent (crap my pants) low of 3765.

Here is a chart showing XJO v DJIA and the XJO ETF EWA.
I am new to this so you probably have to copy and paste the link into your browser.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=xjo&time=8&startdate=1%2F4%2F1999&enddate=8%2F18%2F2011&freq=1&compidx=DJIA&comptemptext=ewa&comp=ewa&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=41&y=11&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12

p.s. Thanks for your reply the other day Maxi and Chris et al. Enlightening.

p.p.s Something for you and Ms HoneyDew Bigdaddy.

http://www.cduniverse.com/sandwiches-lyrics-13704648.htm

I will go back and sit under my tree now for a while and contemplate fractals.