trends - 20th September .2014 - World markets - the US, Germany, and japan are generally in strong upward trend, china is also in upward trend and the aussie market is now technically in downward trend
CHINA - the upward trend of the last 6 weeks continues, the downward leg of its recent oscilations has steadied ?
JAPAN – its o/a upward trend continues, and continues, and now rocketing skyward
EUROPEAN STOCKS - the DAX - the upward trend continues - from sitting on the bottom trend line it is now moving up strongly in anotherupward leg
AUSTRALIA – the strong downward leg during the week continued .... it has broken through the bottom of the upward trending trading band and also continued down to break a further level of resistance ...... technically now a change of trend and in downward trend bold type indicates comparison or change from previous post
The sectors all of the sectors are now in down trend with the exception of consumer staples (horizontal), health (up trend) and telecommunications (sideways) Resources - continues strong downtrend
Energy - still in upward trend (just) - down leg at bottom of trading band
finance - the downward leg has now spiked down sharply – the sector is now in downward trend
property - upward trending trading band has been broken – now in downward trend
gold - - now in a sharp downward trend, has broken through bottom of the trading band and heading south at a rapid rate - (of course this sector is mostlyNCM by capitalization)....
the above assumed trends are based on applying a linear retracement band over a period of 2 months but sometimes varied to suit...
