trends - 20th September .2014
- World markets -
the US, Germany, and japan are generally in strong upward trend, china is also in upward trend and the aussie market is now technically in downward trend
CHINA - the upward trend of the last 6 weeks continues, the downward leg of its recent oscilations has steadied ?
JAPAN – its o/a upward trend continues, and continues, and now rocketing skyward
EUROPEAN STOCKS - the DAX - the upward trend continues - from sitting on the bottom trend line it is now moving up strongly in anotherupward leg
AUSTRALIA – the strong downward leg during the week continued .... it has broken through the bottom of the upward trending trading band and also continued down to break a further level of resistance ...... technically now a change of trend and in downward trend bold type indicates comparison or change from previous post
The sectors
all of the sectors are now in down trend with the exception of consumer staples (horizontal), health (up trend) and telecommunications (sideways)
Resources - continues strong downtrend
Energy - still in upward trend (just) - down leg at bottom of trading
band
finance - the downward leg has now spiked down sharply – the
sector is now in downward trend
Consumer discretionary - strong downward trend continues..
Consumer staples - downward leg has passed through bottom of trading
band - horizontal
Health - still in strong uptrend – but on downward leg
Industrials - upward trend broken – sideways / down
information technology - now in definite down trend
utilities - upward trend broken and now in strong downward trend.
telecommunications - strong upward trend broken – chart inconclusive – say
sideways
property - upward trending trading band has been broken – now in
downward trend
gold - - now in a sharp downward trend, has broken through
bottom of the trading band and heading south at a rapid
rate - (of course this sector is mostlyNCM by
capitalization)....
the above assumed trends are based on applying a linear retracement band over a period of 2 months but sometimes varied to suit...
gk
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- trends - 20th September .2014
trends - 20th September .2014 - World markets - the US, Germany,...
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