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Hello RT's
I thought this might be of interest, given recent discussion of triangles
in TASC and elsewhere. This GIF shows the Australian All Ordinaries
(XAO) index since before the 97 crash until now. There is an interesting
upwards triangle formation that formed in late 1996. The breakout came
on 18th Oct 96. Whilst, it doesn't prove that triangles always work, I
did find it interesting!
Also interesting is the upwards sloping trend line which is still looking
like there is considerable upside left in the Australian market.
Harold
[[ XAO.GIF : 554 in XAO.GIF ]]
The following binary file has been uuencoded to ensure successful
transmission. Use UUDECODE to extract.
Attachment Converted: "c:\eudora\attach\XAO.GIF"
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