redback report, week ended 9/7/2010, page-6

  1. 461 Posts.
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    Fantastic analysis Redbacka.

    When you said 10 month SMA in the following paragraph, I assume you meant the 10 day SMA?

    The 10-Month SMA effectively supported the bull market that ended in 2007, formed resistance for the bear market that ended in 09, and supported the most recent bull market which appears to have finished in May 2010 when the XAO crossed below the 10-Month SMA. (Long-term investors could well use this for investment purposes, simply putting money into and out of STW, the tracking stock for the XJO, on the basis of these signals. Simple, clear and cost effective.)
 
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