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 HOME   Technical Analysis: Techs Turn Back

Technical Analysis: Techs Turn Back

Published by: jane 2009-01-08

Automated Trader - Algorithmic Trading Magazine::
Entropy Rate and Profitability of Technical Analysis: Experiments on the NYSE US 100 Automation, both in terms of trading and back office processes,
http://www.automatedtrader.net/
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The Nasdaq (first chart below) stumbled at 2023 resistance today — a big level for the techs, with both a rising resistance line and an old low causing sellers to line up at that level. Support is 1993 and 1975. About the only thing the Dow (second chart) did right today was stay above the downtrend line the index broke out of yesterday; that line should be just under 10,450 on Monday. 10,575-10,660 is one big resistance zone. The S&P (third chart) needs to stay above 1174-1177, and resistance is 1194 and 1198-1201.

Technical Analysis: Bulls Get Tested::
Jul 21, 2008 Technical Analysis: Bulls Get Tested By Paul Shread and 2280 is major resistance if the bulls can turn it around tomorrow.
http://news.earthweb.com/bus-news/article.php/3760341
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