from last week - 'the sideways trend continues with a strong...

from last week - 'the sideways trend continues with a strong change in price movement downwards "

This week - the upper level of the ASX has been broken with a strong upward movement today and it looks to me that there is a good probability for the that the upward momentum continue on.... . Particularly given that the overseas markets all are trending up and their upward leg within their trading bands is also moving upwards.... . most sectors are now very strong also

gk.

	Column 1	Column 2	Column 3	Column 4
0	TREND BANDS FOR SECTORS​
1	SECTOR ​	TW0 MONTH TRAD'G BAND – DIRECTION​ 8 DAYS AGO / TODAY​	LOCATION IN TRADING BAND​ 8 DAYS AGO / TODAY​	DIRECT'N WITHIN TRADING BAND​ 8 DAYS AGO / TODAY​
2	ALL ORDS​	SIDEWAYS/ SLIGHTLY UP​	MID POINT/ BROKEN THROUGH UPPER LEVEL ​	DOWN/ UP​
3	CONS DISCRETIONARY​	VERY SLIGHTLY DN./ VERY SLIGHTLY UP​	MIDDLE/ UPPER MIDDLE ​	DOWN/ UP​
4	ENERGY​	UP / VERY SLIGHLTLY UP​	MIDDLE / BOTTOM​	UP/ DOWN​
5	FINANCIALS​	VERY SLIGHTLY UP/ VERY SLIGHTLY UP ​	LOWER MIDDLE/ MIDDDLE​	DOWN/ SIDEWAYS ​
6	GOLD​	UP/ UP​	UPPER MIDDLE/ MIDDLE​	UP/ UP​
7	HEALTH​	DOWN / DOWN​	MIDDLE / MIDDLE​	DN/ UP​
8	IT​	SLIGHTLY UP/ SLIGHTLY UP​	MIDDLE/ MIDDLE​	DN / UP​
9	RESOURCES​	DOWN / SLIGHTLY UP​	UPPER MIDDLE / BROKEN THROUGH UPPER LEVEL​	DOWN / UP​
10	MATERIALS​	DOWN / SLIGHTLY UP ​	UPPER MIDDLE / BROKEN THROUGH UPPER LEVEL​	DOWN / UP ​
11	METALS / MINING​	DOWN / SLIGHTLY DOWN​	NEAR TOP / / BROKEN THROUGH UPPER LEVEL​	DOWN / UP​
12	INDUSTRIALS​	DOWN / SIGHTLY DOWN​	MIDDLE UPPER MIDDLE ​	DN / UP​
13	PROPERTY​	UP/ UP​	BOTTOM / BELOW MIDDLE​	DOWN/ DOWN​
14	CONS STAP​	DOWN / DOWN​	CLOSE TO TOP / UPPER MIDDLE​	DOWN / UP​
15	TELECOM'S​	DOWN/ SIDEWAYS​	UPPER MIDDLE / / BROKEN THROUGH UPPER LEVEL​ ​	DOWN / UP​
16	UTILITIES​	SLIGHTLY / SLIGHTLY UP​	MIDDDLE / BOTTOM ​	UP / DOWN​