Planet Wealth - Australian Stock Market Education » Easter Stock Market 2009 http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Fri, 23 Dec 2011 00:20:36 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Easter Stock Market 2009 http://planetwealthblog.com.au/easter-stock-market-2009/ http://planetwealthblog.com.au/easter-stock-market-2009/#comments Mon, 13 Apr 2009 07:06:09 +0000 Planet Wealth http://planetwealthblog.com.au/?p=521
Easter Stock Market 2009

This week was a short week on the XAO, with the Easter long weekend and an early close on Thursday.

In the news, the reserve bank dropped interest rates by 0.25% but banks are keeping most of it, ANZ only passing on 0.1%. This had not much affect on the charts. Looking at last weeks chart then to this week, you can see the market never actually made any significant moves. The candle is a sideways move the XAO still sits under a major resistance line with it is still possible for a Double Top to form. Next week is another short week on the market, coming back after four days off. Will investors still be treading with caution, looking for direction from the DJI?

xao 090409aa Easter Stock Market 2009

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