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Author Message  ody Member Username: ody Post Number: 1007 Registered: 10-2006 Rating: N/A Votes: 0 Saturday, May 12, 2007 - 01:35 pm:     ingot 54: 12 indices of the XAO An excellent post, ingot 54. You are quite right to suggest that a look at the 12 GICS Indices would be appropriate when assessing the XAO. The index (the XAO - the total index for the All Ords) consists, as you imply, of a number of individual indices which are often widely at variance with each other, and it is indeed essential to be aware of that when making any comment on the XAO generally. I also agree with your implication (I hope I infer this correctly from what you say) that BHP and RIO might well, in their behaviour on the market, BECOME more representative of the overall movement of the XAO. Let us hope so. I think many now feel that matters will move in that direction, for although one can see some reason for these stocks underperforming that process seems to have lasted unduly long and to be unduly at odds with the merit of the companies. (I confess to a personal interest here: I hold shares in both.) I also admit to having a strong interest in smaller companies (I always invest in a number of them), and as you say, a whole number of stars together can add up to a blazing phenomenon. Many generalisations about the XAO as a whole thus have only very limited value, although of course there are times when big movements up or down can suddenly move pretty well the whole market in one direction. But far more often various stocks - or for that matter sectors - move at quite different rates. (Message edited by ody on May 12, 2007)  hilarius Member Username: hilarius Post Number: 2240 Registered: 04-2004 Rating: N/A Votes: 0 Saturday, May 12, 2007 - 01:56 pm:     Friar Ingot Is this the sort of chart you have in mind ? The indices look to me like a "flock" of salmon swimming up a waterfall Which will be the first to drop back ... or will they all give up their gains together, after going God knows how much higher ... ??? The chart depicts median trends ... if anyone would like the basic data to validate that I have not made any stupid mistakes please let me know Hilarius I come in peace to share my thoughts and to shine my candle light on possible long term opportunities  ody Member Username: ody Post Number: 1008 Registered: 10-2006 Rating: N/A Votes: 0 Saturday, May 12, 2007 - 02:13 pm:     BROTHER HILARIUS (graph of indices): What an interesting picture you have presented. And it does show the huge differences among the various indices. Many thanks.  hilarius Member Username: hilarius Post Number: 2241 Registered: 04-2004 Rating: N/A Votes: 0 Saturday, May 12, 2007 - 02:36 pm:     Hi there ODY All I need to learn is how to turn pictures into money Alms for the poor !! Hilarius I come in peace to share my thoughts and to shine my candle light on possible long term opportunities  rederob Member Username: rederob Post Number: 2221 Registered: 10-2002 Rating: N/A Votes: 0 Saturday, May 12, 2007 - 02:38 pm:     dear Bro Hilarius Your colouration and style of chart is an object lesson to Ms Parks, who I trust is watching - or did he unsubscribe as well? May I ask why you have no specific stating date and why the indexes do not emanate from a single point? With trepidation I mention "copper" and note that it likely sits within the index worst performing. In any event, the DOW, oil, metals and markets generally look like tacking on a good many points to the allords on Monday, unless "May fever" is putting investors to bed with cash under their mattresses.  hilarius Member Username: hilarius Post Number: 2242 Registered: 04-2004 Rating: N/A Votes: 0 Saturday, May 12, 2007 - 03:24 pm:     Your Readiness Using a secret recipe of herbs and spices I convert all basic data containing distracting noise to a median whereas the real data points track above or below the trend as shown in red below So in the case of Information Technology the first data point, shown in red, really did start at 100 as did the first data points for all the other indices (invisibly) My trend comparison chart only showed the median lines which fell above or below the data points of the indices according to the cunning calculation of the herbs, spices and monastic imprecations in a dark cauldron of bubbling statistics Be assured that every index had an underlying starting point of 100% ... though the tricky medians led you to believe that the starting points were not the same So which is more true the noisy data or the median trend ? Both have their value ... and both are true (as long I didn't m