hctv's behind the laughter monday, page-4

DS: I can now face the day with a smile.

On Friday, somebody (I forget who) asked for a chart of the Oz Financial Sector. I said I'd put one in my Weekly Report. Just one of the many things that got left out.

Since June, XFJ has been one of the best performing sectors - up over 20%. The ASX200 is up 14.7%

Here's the daily chart. This looks to me like it will be in for at least a short term pull-back. It still needs to break near term horizontal support to confirm. I think that's a forgone conclusion today. A test of the 40-Day MA then looks likely.

Here's the weekly chart:

RSI is at a record high, post GFC. Mean Reversion is likely to set in.

Last week's candle was a shooting star. Often a top signal. Needs confirmation of a big down candle.

Last week the XFJ chart was marginally above the February 2011 high.

Redbacka