trends and trading bands

  1. 2,076 Posts.
    lightbulb Created with Sketch. 1
    thought that i would post an upgraded version today from what i had posted four days earlier .... as you can see
    the sideways trend continues with a strong change in price movement downwards

    Column 1 Column 2 Column 3 Column 4 Column 5
    0
    TREND BANDS FOR SECTORS

    1
    TW0 MONTH TRAD'G BAND – DIRECTION    4 DAYS AGO / TODAY

    LOCATION IN TRADING BAND 4DAYS AGO/TODAY

    DIRECT'N WITHIN TRADING BAND    4 DAYS AGO / TODAY

    2
    XAO​

    ALL ORDS​

    SLIGHTLY DN / SIDEWAYS​

    TOP/ MID POINT​

    UP/ DOWN

    3
    XDJ​

    CONS DISCRETIONARY​

    DOWN / VERY SLIGHTLY DN.​

    TOP / MIDDLE​

    UP / DOWN

    4
    XSJ​

    CONS STAP​

    DOWN / DOWN​

    CLOSE TO TOP / UPPER MIDDLE​

    UP / DOWN

    5
    XEJ​

    ENERGY​

    UP / VERY SLIGHLTLY UP​

    MIDDLE / BOTTOM​

    UP/ DOWN

    6
    XFJ​

    FINANCIALS​

    SIDEWAYS/ VERY SLIGHTLY UP​

    CLOSE TO TOP / LOWER MIDDLE​

    UP/ DOWN

    7
    XGD​

    GOLD​

    SIDEWAYS / UP​

    TOP / UPPER MIDDLE​

    UP / UP

    8
    XHJ​

    HEALTH​

    DOWN / DOWN​

    UPPER MIDDLE / MIDDLE​

    UP / DN​

    9
    XIJ​

    IT​

    SLIGHTLY UP/ SLIGHTLY UP​

    TOP / MIDDLE​

    UP / DN

    10
    XJR​

    RESOURCES​

    DOWN / DOWN​

    TOP / MIDDLE UPPER​

    UP / DOWN​

    11
    XMJ​

    MATERIALS​

    DOWN / VERY SLIGHTLY DN.​

    TOP / UPPER MIDDLE​

    UP / DOWN

    12
    XNJ​

    INDUSTRIALS​

    DOWN / DOWN​

    TOP / MIDDLE​

    UP / DN​

    13
    XMM​

    METALS / MINING​

    DOWN / SLIGHTLY DOWN​

    TOP / NEAR TOP​

    UP/ DOWN​

    14
    XPJ​

    PROPERTY​

    UP/ UP​

    BOTTOM / BELOW MIDDLE​

    DOWN/ DOWN​

    15
    XTJ​

    TELECOM'S​

    SLIGHTLY DOWN/ DOWN​

    CLOSE TO TOP / UPPER MIDDLE​

    UP / DOWN​

    16
    XUJ​

    UTILITIES​

    SIDEWAYS / SLIGHTLY UP​

    TOP / MIDDDLE​

    UP /DN​

    From the above the upward or slightly upward trending sectors are ENERGY, FINANCIALS, GOLD, IT, PROPERTY AND UTILITIES ...... there is only one sector where the price is moving up and that is GOLD

    Sectors moving downward or slightly downward trending are CONSUMER DISCRETIONARY, CONSUMER STAPLES, HEALTH, RESOURCES, MATERIALS, METALS & MINING, TELECOMS...

    GK.
 
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