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.
CaylusJust a thought on your last post in regards to the 30...
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