thought that i would post an upgraded version today from what i had posted four days earlier .... as you can see the sideways trend continues with a strong change in price movement downwards
Column 1
Column 2
Column 3
Column 4
Column 5
0
TREND BANDS FOR SECTORS
1
TW0 MONTH TRAD'G BAND – DIRECTION 4 DAYS AGO / TODAY
LOCATION IN TRADING BAND 4DAYS AGO/TODAY
DIRECT'N WITHIN TRADING BAND 4 DAYS AGO / TODAY
2
XAO
ALL ORDS
SLIGHTLY DN / SIDEWAYS
TOP/ MID POINT
UP/ DOWN
3
XDJ
CONS DISCRETIONARY
DOWN / VERY SLIGHTLY DN.
TOP / MIDDLE
UP / DOWN
4
XSJ
CONS STAP
DOWN / DOWN
CLOSE TO TOP / UPPER MIDDLE
UP / DOWN
5
XEJ
ENERGY
UP / VERY SLIGHLTLY UP
MIDDLE / BOTTOM
UP/ DOWN
6
XFJ
FINANCIALS
SIDEWAYS/ VERY SLIGHTLY UP
CLOSE TO TOP / LOWER MIDDLE
UP/ DOWN
7
XGD
GOLD
SIDEWAYS / UP
TOP / UPPER MIDDLE
UP / UP
8
XHJ
HEALTH
DOWN / DOWN
UPPER MIDDLE / MIDDLE
UP / DN
9
XIJ
IT
SLIGHTLY UP/ SLIGHTLY UP
TOP / MIDDLE
UP / DN
10
XJR
RESOURCES
DOWN / DOWN
TOP / MIDDLE UPPER
UP / DOWN
11
XMJ
MATERIALS
DOWN / VERY SLIGHTLY DN.
TOP / UPPER MIDDLE
UP / DOWN
12
XNJ
INDUSTRIALS
DOWN / DOWN
TOP / MIDDLE
UP / DN
13
XMM
METALS / MINING
DOWN / SLIGHTLY DOWN
TOP / NEAR TOP
UP/ DOWN
14
XPJ
PROPERTY
UP/ UP
BOTTOM / BELOW MIDDLE
DOWN/ DOWN
15
XTJ
TELECOM'S
SLIGHTLY DOWN/ DOWN
CLOSE TO TOP / UPPER MIDDLE
UP / DOWN
16
XUJ
UTILITIES
SIDEWAYS / SLIGHTLY UP
TOP / MIDDDLE
UP /DN
From the above the upward or slightly upward trending sectors are ENERGY, FINANCIALS, GOLD, IT, PROPERTY AND UTILITIES ...... there is only one sector where the price is moving up and that is GOLD
Sectors moving downward or slightly downward trending are CONSUMER DISCRETIONARY, CONSUMER STAPLES, HEALTH, RESOURCES, MATERIALS, METALS & MINING, TELECOMS...
