redbacka,
I can't do anything at the moment but if you drop a line to hacktrader at gmail dot com I can send you a bit more of an explanation later on.
I did take note that they're ratio charts, but in my view the sectors to be bearish on are xmj and xej.
Cheers.
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XJO
s&p/asx 200
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1.37%
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8,757.2

update - special report - stock market cycle, page-5
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a |
Open | High | Low |
8,639.0 | 8,776.4 | 8,639.0 |
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XJO (ASX) Chart |