I think it's more that our market at times tried to predict the movement of the Dow. As in we think it's just a matter of time before the Dow breaches 11,000 hence at times we are a few steps ahead.
But I do not think we lead the Dow. They can fall 100 points tonight and we'll follow tomorrow.
The Dow doesn't take orders from anybody.
As I've said once as long as the Dow has an upward tendency or slightly sideways it is bullish for Aussie market. If the Dow starts to move toward 10,000 again we'll also go down.
Of course companies have their own fundamentals but if the Dow goes down and down people will start to question those fundamentals and sell
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