Chart Watch 2008-12-08

XJO - ASX 200



After a good lead from the US (DOW, S&P 500 and NASDAQ all up over 3%) shaking off some negative job data, our market has followed through with a 4% gain, also shaking off the ANZ job ad numbers. XJO ended the day at 3631.60 (up 4.06%).

Some other of the negative news out today which the market seemed to ignore include;
BHP may require to cut iron ore production
RIO could cut thousands of jobs
Harvey Norman (HVN) warned some of its stores could close

Trends*
Long Term - Down
Intermediate - Down
Short Term - Up

*10MA, 30EMA and 200MA used to determine trends

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Chart Watch 2008-12-03

XJO - ASX 200



After a good lead from the US (DOW, S&P 500 and NASDAQ all up over 3%) ended the day flat, but not before riding the
days roller coaster. High of 3621 on open, low of 3499 just before lunch, back up to 3605 a couple hours before close
to finally finish at 3533.

Chart mainly un-changed with what looks like a new swing low after failing to breach the 50% retracement mark.

Stocks to watch on close


Trends*
Long Term - Down
Intermediate - Down
Short Term - Neutral

*10MA, 30EMA and 200MA used to determine trends

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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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Chart Watch 2008-06-03

XJO - S&P ASX 200



XJo showing signs of weekness again with the current trend line being broken. Looking at 100MA for support now.

XJO - S&P ASX Financials



XFJ was a great short on the 22nd of May. 100 MA resisted the uptrend and also broke the current uptrend.

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Chart Watch 2008-05-29

XJO - S&P ASX 200



As displayed in my last post , the XJO was sitting right on a current trend line. This line has since been breached. XJO now lookig for support at the 100MA, and the 32.5% Fibonacci Retracement.

On the 5/4/2005 Colin Twiggs indicated potential resistance at the 5900-6000 level which looks to be playing out.

"The All Ordinaries broke above short-term resistance at 5450 on heavy volume and is headed for a test of resistance at 5900/6000. Resistance is expected to hold because of the bear market, but continued advances on strong volume would increase the chance of a breakout. "

"

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Chart Watch 2008-05-25

XJO - S&P ASX 200
XJO sitting right on its current trend line.



CMR - Compass Resources
Second pullback for CMR after breaking out. Optimal entry would have been the first pullback after breaking the 100MA.



AGO - Atlass Iron
After a sharp stron volume rally, prices have pull back on weaker volume. Looks to be forming a bullish pennant.

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