Chart Watch 2009-02-25 - XAO, BHP

XAO - All Ordinaries



All ordinaries closed below 3300, and below low from 23/01/2009, to finish the day at 3281.5 (-0.7%). Could see a retest of the low of 3201.5 and creating a new down-swing. March 2003 low of 2700 in reach from here.

XAO started the day positive on open, and continued to slide throughout the day. Nikkei 225 finished the day up 2.65%.

Looking to the DOW now to see if it can follow through with the +236.16 (+3.32%) gain yesterday.

BHP - BHP Billiton



BHP closed on the short term trend line today, finishing at $29.01 (-1.0%). Stochastic showing oversold

WOW - Woolworths



Woolworths closed above $28.00 for the first time this year. I'm looking to trade this short term with a target of $29, and stop $27.50 (risk $0.50, gain $1.00). Against the trend of XAO, but WOW has 50MA pointing up and closed about 200EMA.