I have been monitoring some of the Oz indices for a while on an 18-month rolling basis against the XJO. Do you think that the XJO is being manipulated by the banks against materials in opposite unison since around 9 months ago (our largest two).
I additionally monitor health and staples as those are 'safer' areas to invest in during a drop. A rise in those should highlight a push to safety. This started after the last peak of Materials but has dipped recently, likely towards banks. A new turn up in those might be the signal of the next retracement and time to leave banks
Do you think that banks might be rocket shipping into a plummet once the fuel runs dry?
Pity the dates didn't work. Maybe due to the large numbers of data points. Cut it into 1/3 portions for 6 months intervals.
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