| Today was the opposite of yesterday, with sentiment improving, but the internals not showing nearly as much strength as they should have; only 60% upside volume and rising new lows is not what you want to see on a decent up day. Also, resistance held the rally in check on all indexes today, another sign of early weakness in the rally. The Nasdaq (first chart) was stopped at 1900 resistance today. Resistance for tomorrow will be at 1905, 1915-1920, 1923 and 1930, and 1880, 1865 and 1842 are support. The S&P (second chart) is struggling at 1044 resistance, and 1050 is above that. Support is 1034, 1025 and 1018-1020. The Dow (third chart) has resistance at 9720-9765 and 9800, and support is 9600, 9500 and 9400. In short, the market needs to take out resistance, and on improving internals; otherwise, this bounce just looks like a backtest of yesterday's breakdowns. The AntiBrokers - Technical Analysis: Agnico-Eagle Mines::
Sep 24, 2007 Technical Analysis: AEM downtrend (D) found support (C) around $34. A quick bounce failed to break resistance (E) at $45,
http://hipegg.blogspot.com/2007/09/agnico-eagle-mines.htmlHOME |
Microsoft PowerPoint - Covered Call With RJR.ppt::
File Format: PDF/Adobe Acrobat - View as HTMLIn August we guess at where the stock will bounce. The up-trend is shaky has about five points on it. Use technical analysis to determine
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37645- MTA Journal.indd::
File Format: PDF/Adobe Acrobat - View as HTMLelsewhere until the Journal of Technical Analysis renders an editorial few, shaky myths that lead us to underestimate the real risk of financial
http://www.ggu.edu/alumni/upcoming_events/recent_alumni_events/attachment/MTA+Journal.pdfHOME |
TSP Trader - Blog Toplist::
Stock market technical analysis and risk managment using point and figure and Thursday this week, some investor's confidence is sure to be shaky.
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Technical Analysis: A Shaky Bounce