Lets Look Back 200 Days.

What happened over the last 200 days with various asset classes globally ? I will not describe the histogram chart, but rather let each reader to have their own interpretation of it. Why 200 days ? It is  considered long term amongst the broader TA community.

Laggards vs. Leaders are loud and clear as can be seen. This said, past performance does not guarantee future performance of any instrument in analysis. What I mean by this, laggard of today, may turn out to be a leader of tomorrow. We are guided by our charts to tell us that the leadership may be changing hands, until then, leader has the CROWN. CROWN goes to SILVER.

Chart is courtesy of StockCharts.com

I can’t wait till StockCharts.com starts covering Aussie Market.

perfchart16092016

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