As always Jako - thanks for the great efforts you put in to keep...

As always Jako - thanks for the great efforts you put in to keep the XJO thread alive and great fun to read - no matter what the market does.

No Surprises.  We're down.  Tuesday Evening Liqueurs.  5 January, 2015.

XJO down -1.63%. Volumes are creeping back up to normal levels after the Festive Season lay-off.



The only question that remains now is:  How far do we pull-back?

I don't have a crystal ball, but the major levels are clear.

1. 5150.6

2. 4986.6

Give or take a few points.

I wouldn't be at all surprised to see 5150 become a reversal level.

Why?  Is this just a Big Bash slash at the cricket ball and hope like hell it connects?  "Nope. Nope.  Nope."  (To quote our former erstwhile leader.)



Accumulation/Distribution is showing a clear positive divergence to the Index.

Nothing is certain in the markets.  But that divergence is very, very strong.  While our market tanked from April-September last year, the Acc/Dist Line barely budged from its sideways action.  Institutions weren't selling off during that time.

So - the Acc/Dist Line could be a red herring.  But bet against it if you want.  I think it throws the probabilities to the upside.  And some short term indicators are creeping down towards the "buy" levels.

What more do you want?

RB.