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0.74%

8,285.2 s&p/asx 200

XJO Weekend Charting and Chat - 9th March 2018, page-12

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redbacka

9,493 Posts.

5347

10/03/18

17:01

Post #: 31663207
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Originally posted by 48&34 ↑

Just for an exercise I have checked a one year daily chart of the XJO with a 200 day EMA overlay.
The largest positive differential seen was a daily price 6.8% above the EMA. Currently the 200 EMA is @5890. If we can get to a 6.8% differential then that is 400 points taking us to a value of 6290.
That is modest compared to late January when the US differentials were:
Dow 16.5%
Nasdaq 100 16.5%
SP 500 13.0%

If the US indices resume exponential growth as they exhibited in December-January, and our good positive correlation is continuing, I am looking to 6300 as my medium term target area.

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Now - that's Modest Optimism.

XJO Value at posting: 5,963.2
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