"could anybody explain why the all ords has lagged in every other year? neither theory seems to fit the long term comparison perfectly".
Mowibble.. in the tech boom.. we had only a handful of tech companies hence why we lagged the the u.s. The mining boom we mirrored the u.s ...NOW we have high interest rates and strong aussie dollar..hence the under performance..
The DOW even though it has outperformed the asx..by end year and imo it will have underperformed..
On the T.A's look at your chart closely if we do not break above the double top..a mega collapse will be upon us..if we do... then we head higher to meet the upper trend line of the massive broadening formation..there after a bloodbath of epic proportions.
The asx is looking very bearish.. IF we do not break above 4300 and imo we will head way lower.. 09 lows..there after a bounce..there after 80's low..imo
god bless.
xjo weekend zoomba lounge, page-57
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |