Chart Watch 2009-03-14
Saturday, March 14, 2009
XAO - All Ordinaries 
The week started off bad for the index, but turned out to be one of the better weeks to be long, closing up around 6% for the week.
The chart above shows that the short term trend line was broken.
The medium term trend line will be tested this week.
Resistance will be tested this week.
Although the market finished up 3.3% of Friday, the market is showing overbought on the stochastic and RSI(2).
Below is a Guppy MMA chart of the All Ordinaries and as it shows, the market is still fixed in its down trend, and the short term averages, although are compressing, have not penetrated the long term.
WES – Wesfarmers
Wesfarmers broke short term resistance. Oversold on a lot of indicators so may see some consolidation.
Quick Trends
| Symbol | Index | Short Term (10MA) | Medium Term (50MA) | Long Term (200EMA) |
| XAO | All Ordinaries | Neutral | Down | Down |
| XTL | ASX (20) | Neutral | Down | Down |
| XMD | Midcap (50) | Down | Down | Down |
| XSO | Small Ordinaries | Down | Neutral | Down |
| XMM | Metals & Mining | Up | Up | Down |
Posts
3 comments:
Any kind of investment with consistent 5% to 10% returns (with low risk) per month would be the greatest one ever. We firmly believe that wherever the risk involvement is high, the returns should also fly high which delivers atleast double the fruits in the prior case.
NIFTY FUTURE CALLS
NIFTY SURE CALLS
OPTION CALLS
nice your blog and very nice dear your blog psoting we like its you can see our also website for online shopping
Nice blog..I am looking forward to read your next great article....
Thank you for the article and beautiful it contains useful information and rare
Post a Comment