Chart Watch 2009-03-05
Thursday, March 5, 2009
XAO - All Ordinaries 
The DOW closed up overnight 149.82 points to 6875.84 (2.23%) after 5 days of selling. The Dow failed to break back through 7000.
The All Ordinaries has had an un-eventful day failing to regain the lose of the previous trading day. The XAO closed up 21.2 points to finish at 3147.1 (0.68%). I was looking for the high of the previous day (3171.4) to be taken out and stick, but our market was a bit more cautious than the DOW and the high for today of 3177.1 failed to hold.
XAO still showing oversold on CCI(14) and Stochastic.
Shorter term oversold Williams %R (3) and RSI(2) are not.
Today’s headlines
Chinese 8% Growth Target
Housing Sector ‘May have turned corner’
Minemakers launches takeover of Bonaparte
XJI - ASX Information Technology 
One of the stronger sectors on the ASX is the XIJ or Information Technology sector. Support looks to be in at 399
PAG – PrimeAg 
Support now become resistance on this agriculture stock. 3 times the stock price had tested the $1.05 level. Above average volume today to close a further 5% lower at $0.97
Quick Trends
| Symbol | Short Term (10MA) | Medium Term (50MA) | Long Term (200EMA) |
| XAO | Down | Neutral | Down |
| XDJ | Down | Neutral | Down |
| XEJ | Neutral | 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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