This is a chart of the Australia All Ordinaries, the Dow Jones and Nikkei since the financial crisis began in July 2007.
The chart uses the index values at July 2007 as a base. The chart shows the bear market rally we have had since December 2008-January 2009. Interestingly towards the end, you can see the DJIA falling off a cliff and the ASX falling as well but not as steeply. What does that portend for the near-term future of the ASX? Is the Aussie more resilient than the USA or are going to have to catch up? Mind you in percentage terms we are still worse off than US of A since July 2007.
Wonder if any chartists can see a bottoming out any time soon.
