monday itis, page-44

its days like today that make me despair about xjo/spi. Just look at the chart. Long shadows above candles at the top isthe dominant feature. Yet did xjo drop - oh no no, it dropped a bit and rallied again, all within a tight range. Compare that to ftse for example. Saw the writing on the wall early and headed downtown. If things improve it will head backup. In the process it creates good tradeable volatility, rather than the constipated tight range responses from xjo. No wonder we think of spi and xjo as pita's.