Chart Watch 2009-03-03

 

 

 

 

 

   

 

XAO - All Ordinaries

 

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

Anyone interested in catching a knife?

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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Chart Watch 2009-02-11

RIO - RIO Tinto



As indicated in Chart Watch 2009-02-7, RIO Tinto had potential to break through short term resistance. Today RIO had a strong positive candle above this resistance on above average volume. Target $60, but may fall short in the pulse.

Making Lows

A range of stocks are either testing, or made new lows today. Included in this list are AMP, are ANZ and are WES.

AMP


ANZ


WES - Wesfarmers

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Chart Watch 2008-06-12

XJO - ASX 200



BHP - BHP



AMP - AMP



Respecting the 100MA and looks to be forming a triangle, looking for a break lower.

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