Chart Watch 2009-03-04

XAO - All Ordinaries

The first decline in Australia's GDP for eight years was reported today with a fall 0.5 per cent in the December quarter.  The All Ordinaries followed to close at a five and a half year low to 3,125.90 or 1.43%.

Fears of recession took hold of traders with the next 6 months looking a lot gloomy, and all sectors took a hit. 

The world markets are anticipating another Chinese stimulus package to be announced that could help limit the length and depth of the recession in the

industrialized world.

LST – Lionsel
LST came up on my TAZ scan yesterday and today a confirmation candle formed.  Volume is too light for me to take a position, and like all bullish trades, against the market timing.

1. Pulled back to Traders Action Zone

2. Respected support and 50% Fib
3. ADX above 25 indicating start of a trend

4. First pullback

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	Neutral
XIJ	Down	Up	Down
XMJ	Down	Neutral	Down
XTJ	Down	Down	Down
XUJ	Down	Down	Down

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Chart Watch 2009-02-10

XAO - All Ordinaries



With a close +38.30 (+1.12%) yesterday, the All Ordinaries has closed on the November-February trend line. 50MA also resistance at this level with a break targeting 3700.

No lead from wall street over night with the DOW, NASDAQ and S&P 500 closing flat as investor wait for Washington to decide their stimulus package fate, like the Australian.

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$42 Billion Stimulus Announced

$42 Billion Stimulus Announced

Most Australians will be focused on the following
"
About 8.7 million workers will get a lump sum tax-free bonus, depending on their annual income.

Those earning up to $80,000 a year will receive $950, those earning between $80,000 and $90,000 will get $650 and those earning between $90,000 and $100,000 get a $300 bonus.

Single-income families who receive the Family Tax Benefit Part B - about 1.5 million families - will get $950 on March 11. It will only be paid to those who were eligible for Family Tax Benefit Part B on February 3.

Those receiving Family Tax Benefit Part A with a child aged between 4 and 18 years will get a $950 back to school bonus.

"

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