i have one workbook in my market analyst program which contains...

i have one workbook in my market analyst program which contains the S&P ASX sector indices, the major world indices all on the one relative comparison chart, and ditto for the world major currencies - so that after a ten minute study I am able to get an overall picture in my head of how the world is travelling, trends etc.

currently all the world markets have taken a minor swing down.

US - the DJI - with the linear regression band drawn on over a 7 month period does in fact have some oscilations but over much longer periods, and it looks like it is at the top of one of thse now especially with the recent easing off over the last 3 days

over the last 7 months the dow's easing off has been more of a horizontal flutter before a further long term gain.

CHINA - on the other hand the shanghi coposite has had no gain whatsoever over the last 12 months - so maybe that is telling us something.
and in particular over the last few days there has been a further downward smallish plunge.

ASX SECTORS - pretty well all the sectors have turned down.

the consumer discretionary showing a 75% completed upside down fishhook (so maybe flemster is onto something there). I will stay in my retail stocks for the moment - nothing definite on my stocks.

gk.