Just did some quick sums... Let's say XJO is off 2% at open, that gives it a goal of 6571. The SPI has been trading at approx at 30 point premium, and is currently 6591. 6591 - 30 = 6561. Hence the SPI has factored in a 2% fall already. Question is, will we go further than that as our index is still very over bought after the recent run.
These numbers sound reasonable?
monday monday, page-3
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Last
7,950.3 |
Change
60.700(0.77%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,889.6 | 7,969.1 | 7,889.0 |
| XJO (ASX) Chart |