Note: The Technical Analysis column will return Jan. 3. Happy holidays and best wishes for a prosperous 2006!
A nice move for the Nasdaq (first chart below) today, which is now back above that critical trendline that sits at 2235. That level is first support, with 2220, 2213, 2206 and 2200 below that. Resistance is 2260 and 2278. The S&P (second chart) stall faces major resistance at roughly 1277-1285 — a very big level for the market there. Support is 1257-1260 and 1246-1250. The Dow (third chart) needs to take out that stubborn 10,950-11,000 resistance zone, and support is 10,800-10,830 and 10,720-10,750. Long bonds (fourth chart) are behaving nicely here — knock on wood!
Technical Analysis and Stock Market Profits: A Course in Forecasting - Google Books Result::
href=http://books.google.com/books?id=5x6rOEagkt8C&pg=PA119&lpg=PA119&dq=Technical+Analysis:+Another+Attempt+at+Resistance&source=web&ots=ykqnAIIp22&sig=Th19w_N7Y1eRUj5L4u4FxUosx_Y&hl=en&sa=X&oi=book_result&resnum=84&ct=result class=l onmousedown=return clk(this.href,,,res,110,)>Technical Analysis and Stock Market Profits: A Course in Forecasting - Google Books Resultby R. Schabacker, Donald Mack - 2005 - Business & Economics - 472 pages constructing the horizontal top or "resistance" boundary of an Ascending and another and a final attempt to penetrate the previous bottoms had to be
http://books.google.com/books?id=5x6rOEagkt8C&pg=PA119&lpg=PA119&dq=Technical+Analysis:+Another+Attempt+at+Resistance&source=web&ots=ykqnAIIp22&sig=Th19w_N7Y1eRUj5L4u4FxUosx_Y&hl=en&sa=X&oi=book_result&resnum=84&ct=resultHOME |
Technical Analysis for the Trading Professional: Strategies and - Google Books Result::
href=http://books.google.com/books?id=PZLZ7v6LxS8C&pg=PA9&lpg=PA9&dq=Technical+Analysis:+Another+Attempt+at+Resistance&source=web&ots=nkuiOxqSR9&sig=5ItAusTbhIb_-CPg8EjrUtuNse0&hl=en&sa=X&oi=book_result&resnum=91&ct=result class=l onmousedown=return clk(this.href,,,res,117,)>Technical Analysis for the Trading Professional: Strategies and - Google Books Resultby Constance M. Brown - 1999 - Business & Economics - 341 pagesThe failed attempt to exceed 65 will be met with another price decline that the upper resistance range reserved for a bull market — 75 to g5 and higher.
http://books.google.com/books?id=PZLZ7v6LxS8C&pg=PA9&lpg=PA9&dq=Technical+Analysis:+Another+Attempt+at+Resistance&source=web&ots=nkuiOxqSR9&sig=5ItAusTbhIb_-CPg8EjrUtuNse0&hl=en&sa=X&oi=book_result&resnum=91&ct=resultHOME |
Candlesticks Explained - Google Books Result::
href=http://books.google.com/books?id=I3cwPKkMlMUC&pg=PA112&lpg=PA112&dq=Technical+Analysis:+Another+Attempt+at+Resistance&source=web&ots=zvBm1ME6D7&sig=z9iLz28e_XvRaagy7Lwt5_d_p-k&hl=en&sa=X&oi=book_result&resnum=78&ct=result class=l onmousedown=return clk(this.href,,,res,104,)>Candlesticks Explained - Google Books Resultby Martin J. Pring - 2002 - Business & Economics - 231 pagesHere then is an example of a Western resistance technique that indicates there was a see Technical Analysis Explained by Martin J. Pring, 4th edition,
http://books.google.com/books?id=I3cwPKkMlMUC&pg=PA112&lpg=PA112&dq=Technical+Analysis:+Another+Attempt+at+Resistance&source=web&ots=zvBm1ME6D7&sig=z9iLz28e_XvRaagy7Lwt5_d_p-k&hl=en&sa=X&oi=book_result&resnum=78&ct=resultHOME |
Trading Pairs: Capturing Profits and Hedging Risk with Statistical - Google Books Result::
href=http://books.google.com/books?id=k-o2l46sRPsC&pg=PA28&lpg=PA28&dq=Technical+Analysis:+Another+Attempt+at+Resistance&source=web&ots=OX2pRXrIbT&sig=UtcsvEk6GL0xgHWCioselTTBWDk&hl=en&sa=X&oi=book_result&resnum=58&ct=result class=l onmousedown=return clk(this.href,,,res,84,)>Trading Pairs: Capturing Profits and Hedging Risk with Statistical - Google Books Resultby Mark Whistler - 2004 - Business & Economics - 279 pagesTREM» 1 1\ IS Trend lines are another simple but crucial part of technical analysis and are often overlooked for more complicated indicators.
http://books.google.com/books?id=k-o2l46sRPsC&pg=PA28&lpg=PA28&dq=Technical+Analysis:+Another+Attempt+at+Resistance&source=web&ots=OX2pRXrIbT&sig=UtcsvEk6GL0xgHWCioselTTBWDk&hl=en&sa=X&oi=book_result&resnum=58&ct=resultHOME |
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