Chart Watch 2008-12-03

XJO - ASX 200



After a good lead from the US (DOW, S&P 500 and NASDAQ all up over 3%) ended the day flat, but not before riding the
days roller coaster. High of 3621 on open, low of 3499 just before lunch, back up to 3605 a couple hours before close
to finally finish at 3533.

Chart mainly un-changed with what looks like a new swing low after failing to breach the 50% retracement mark.

Stocks to watch on close


Trends*
Long Term - Down
Intermediate - Down
Short Term - Neutral

*10MA, 30EMA and 200MA used to determine trends