PB
Agree with your statement that said divergence could be due to forex amongst a multitude over other variables no doubt.
To elaborate further, those that have been observing the carry trade phenomenon, the chart tells me that early to mid-Nov 09 marked the gradual unwind of the carry trade - about the time the XFJ started retreating from it mid-late Oct highs.
Forever learning and in my humble opinion only.
thursday up down and sideways, page-52
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Last
8,133.6 |
Change
-31.000(0.38%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,164.6 | 8,165.1 | 8,113.4 |
| XJO (ASX) Chart |