Australian (ASX) Stock Market Forum

I'm surprised the market opened lower today

I remember raising a eyebrow to Yogi's comment that the XAO would de couple from the Dow around Nov.
God knows how he got that from his astro analysis!

Perhaps he knows what he is doing Tech.
No he doesn't actually. Let's look at the facts shall we?
In the 230 trading days prior to 1/11/2008 the All Ords followed the Dow Jones 131 times (and 99 times went the other way).
In the 27 trading days from 1/11/2008 the All Ords followed the Dow Jones 20 times and 7 times went the other way.
So if anything, they're more 'coupled' now than they were before.
 
Top