Chart Watch 2009-03-09
Monday, March 9, 2009
XAO - All Ordinaries 
Some intraday action today for the All Ordinaries with a low of 3052.5, finally closing up 10 points to 3121.7 (0.3%).
The big miners lifted the index with BHP up 5.31% and RIO Tinto up $3.93%
FMG and RIO both sought to strengthen their balance sheet today. F
ortescue Metals Group (FMG) gained 1.60 per cent to $2.54, and has
agreed to sell a further $86.8 million of its shares to Hunan Valin Iron and Steel Group Company Ltd. RIO reached an agreement to sell the Jacobs Ranch coal mine in the United States for $US761 million ($A1.19 billion) as part of an asset sale program to reduce debt.
PAG - PrimeAg
PrimeAg is fast approaching resistance.
Quick Trends
| Symbol | Short Term (10MA) | Medium Term (50MA) | Long Term (200EMA) |
| XAO | Down | Neutral | Down |
| XDJ | Down | Down | Down |
| XEJ | Up | Neutral | Down |
| XFJ | Down | Down | Down |
| XHJ | Down | Down | Down |
| XIJ | Up | Up | Down |
| XMJ | Down | Down | Down |
| XTJ | Down | Down | Down |
| XUJ | Down | Down | Down |
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