XAO premium indicates end to rally?

[hissho]

hi all
not sure if this holds any truth...

"Finally, the All Ordinaries Index is now 20 points above theS&P/ASX 200 Index, the largest gap in more than seven years, according to CommSec, and at a premium for the first time since January 2005.
In mid-April, the S&P/ASX 200 Index was 22 points above the broader index, now it is 20 points below it. Historically, when the All Ords has moved into a premium against the S&P/ASX 200, it puts an end to any rally."

has anyone heard of this before?

thanks
hissho

 

[tech/a]

No it will vary daily.

 

[Uncle Festivus]

Also showing a premium to the DJIA. This could be an interesting week.
The Advance/Decline line has also taken a sharp downturn.