The strength of the Australian dollar and poor monetary policy have caused Australia's ASX/S&P200 index to underperform many rivals significantly since March 2009, says Warren Firth at www.globalprimepartners.com.au.
The index has since recovered to 4393, where I expect it to stall. A break of this line - following a healthy pause - will trigger a buy recommendation, with a target of 5020. Buy on a second break above 4440.
