ASX 200 Industrials (XNJ) Relative Trend.

First chart is XNJ/XJO relative strength chart and second is the XNJ both being in monthly time frame in order to observe the BIG PICTURE and the position within. A sector to keep an eye on XNJ. XNJ/XJO relative trend ( ratio analysis) is worth keeping an eye on as the congestion is likely to…

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ASX 200 A-REIT Index Long Term Outlook.

Are we in the final bullish wave with XPJ.ASX if it’s long term monthly chart is examined ? According to my forecast the answer is yes. We are now witnessing an attempted upside breakout which suggest that the 5th and final bullish wave is now on display.This will complete a whole cycle…

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ASX 200 (XJO) Short Term Outlook.

Overbought without a doubt with no  bearish cross over from the short term dual moving average XOver system to suggest a deterioration in the current short term( daily) uptrend. My choice of short term dual SMA selection is 10 and 30 periods. Overbought on the other hand is defined by the trendline drawn from…

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Keeping it simple with XAO Monthly.

Monthly short term chart analysis of XAO is being examined with this post. A short term (individual bars/candles) bullish pivot point reversal is in the bag at the close of the last bar. Please study meaning of your pivots from FIN231 if you wish. What to expect now ? This behavioural…

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Dow Theory Trend Change Illustration.

Be warned, it may be boring but very useful once the concept behind the theory is clearly understood. Is the major trend still intact, if Dow Theory is applied to the current monthly XAO chart ? Answer is illustrated on the chart. Change we now have is only applicable to intermediate term trend within the…

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