Category: XAO
XIJ/XJO Ratio Analysis of ASX 200 Technology Sector to XJO.

Sector of interest XIJ from within XAO and that of XJO. Ratio analysis or relative strength analysis clearly shows it’s relative outperformance against that of XJO and also the overbought conditions that it has now reached. This overbought conditions worth comparing with the prior 2010 correction as there are some…
ASX 200 A-REIT Index Long Term Outlook.
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…
Keeping it simple with XAO Monthly.
Bullish Pattern Completed with XAO.
All Ords. Close, 1 Box PnF Chart Outlook.
Correction Forecast using Fibonacci.
XAO at a Long Term Trendline Support.
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…