Chart Watch 2008-11-30

XJO - ASX 200



XAO - ALL ORDINARIES



The XJO closed 3742, above the low of the 28/11 of 3724, but still below the 50% retracement of 3777. The story of the XAO with a close of 3672 shows a similar story but below the 28/11 low of 3693 and 3760 50% retracement.

The market will test this area, probably on Monday after a strong close of the week for the DOW and S&P 500 (NASDAQ flat). Respect of this level(s) will indicate the continuation of the down swing.

BHP - BHP Billiton



A great week for the bug Aussie, approaching the $31.00 mark with volume. Still in a short term, medium term and long term until proven otherwise.