The big 4

Ok cause our market has the big 4 i thought a few charts on these beasts would fit well with where our market is going. ANZ weekly. First up that spike down in Aug hit a good support zone and at the mo she is just under the 200sma and 38 fib from 2010 high to 2011 spike low. RSI has broke above the trend but the 2011 trend on price still hasn't tested as of yet. Macd has had its 1st green bar in while also.

Then we have the daily , the 50sma capper has been taken out and a gap up that will surely be filled imo but not before we see a test of that trend line, imo only. The RSI has been telling the story for the last couple of weeks on the daily aswell?

Ok now we have CBA weekly fib from 09 lows to 10 highs and guess what the 50% was hit , whilst doing that we filled a tiny 12c gap lol.

And daily CBA hasnt broken any down trend on price with the huge run we had this week on general markets ,is this a sign as CBA is our big boy of the financials or is it because of different div times?
The 50sma is giving a hug as is the trendline down from July together with the 38.2% . The RSI has peeped above the down trend that has lasted since Feb this year though. Make of this as ya will.

Now we have NAB... the most exposed of our big 4 to the area in question 1 would say? NAB put in a nice big green bar that convincingly broke the last few months downtrend line can she carry on and break the 50% fib and touch the 200sma pinkie ex div?

Nab daily has used the 50sma has a rag doll as well, this sma has been a pain in the ass for NAB daily moves as it has with ANZ..  NAB's 50% underside hit this week might stop the momentum and fill the gaps?

And if ya still reading WBC weekly.. tryin something different here with the ranges of WBC could happen running into the div season or just maybe thats what the big fat green bar is all about, the smart cookies beat ya again ?