Index: FTA Pacific X Japan
Short Term Trend
Last indicator = SELL @ 207 on 23/7/1999.
Trend still down - since signal by 10%.
Guides:
Black = Index showing BUY/SELL Arrows
Red
= 100 Day Moving Average
Blue
= 200 Day Moving Average
Magenta = Trend Channel
Observations
1. The SELL indicator of 23/7/1999 is still in place. Index has fallen 9.5% since signal.
2. The index is testing its 200 moving average.
Long Term Trend
Observations
1. The downtrend from the Asia crisis (mid '97) appears to have bottomed at the 120 level, a crash of 58% in magnitude.
2. Note again that the index is finding support from its 200 day moving average.
Conclusion
1. The downtrend signaled at 23/7/1999 continues.
2. Would prefer to see upper trend line penetrated at the 200 level before considering buys.
3. Await e-mail alert reference indicator change before buying.
