Caylus
Just a thought on your last post in regards to the 30 points loss on the S&P and us refusing to drop.
I think there are currencies at play here. For example, the nikkei was down a 100 points on the open and usually this would have some impact on us. But if I convert both indexes into USD and trade them from an American perspective, the Oz index is actually lower then the Japanese, hence a pair trader (robot) would sell the Japanese stocks and buy up Ozi stocks.
This is just a theory so far and as always I might be wrong. So any feedback is as always more then welcome.
- Forums
- ASX - By Stock
- XJO
- tentative thursday
tentative thursday, page-22
-
- There are more pages in this discussion • 59 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,921.3 |
Change
60.100(0.76%) |
Mkt cap ! n/a |
Open | High | Low |
7,861.2 | 7,938.3 | 7,861.2 |
Featured News
XJO (ASX) Chart |