This chart is an extension of the analysis in the Portfolio section. The Australian Christmas rally is starting to show in the Index. On Friday the 21st the Index made a low of 5293, followed by Monday’s rally of 57 points The rally on Monday was not across all sectors and limited to the resources, […]
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On Friday night the Dow (and S&P 500 ) made a new high, with the final closing price off the high. This sets up a potential false break, the chart is highlighted on the left with a similar scenario at the 17163 level. Considering the overall price is some distance from the 200 day moving […]