Chart Watch 2009-03-03
Tuesday, March 3, 2009
The DOW slid to 12-year lows overnight to its first close below 7,000 since May 1997. The All Ordinaries closed at down 32.4 points to 3171.4 , the lowest level since December 2003.
Two-thirds of the initial loss were regained after the the Reserve Bank of Australia (RBA) kept interest rates on hold at 3.25 per cent, a 45-year low. Economists are predicting the RBA is leaving itself available to provide further cuts in the near future.
AMP - AMP
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Quick Trends
| Symbol | Short Term (10MA) | Medium Term (50MA) | Long Term (200EMA) |
| XAO | Down | Neutral | Down |
| XDJ | Down | Down | Down |
| XEJ | Down | Neutral | Down |
| XFJ | Down | Down | Down |
| XHJ | Down | Up | Down |
| XIJ | Down | Up | Down |
| XMJ | Down | Neutral | Down |
| XTJ | Down | Neutral | Down |
| XUJ | Down | Down | Down |
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