Three straight days that fail to take out a large down day is rarely a good sign, which is the set-up we have since last week's Federal Reserve-inspired sell-off. Once again, the one hope is that end-of-the month inflows could help support the market. Another down day would set up a "falling three methods" bearish continuation pattern. The Nasdaq (first chart below) faces tough resistance at 2000-2008, with 2023 and 2040 above that. Support is 1985, 1970 and 1940-1950. The S&P (second chart) faces tough resistance at 1180-1185, and 1164 is major support. The Dow (third chart) has major support at 10,368-10,376, and resistance is 10,534, 10,600 and 10,663. Resource Investor - Gold & Silver - Silvers Breakdown, or Bear Trap?::
this time theres reason to expect some excitement in a possible snap-back rally. There is another reason I dont really care for summer all that much.
http://www.resourceinvestor.com/pebble.asp?relid=10977HOME |
Stock Market Glossary::
One security which is convertible into another. It is comprised of a rally which ends a fairly extensive advance. Technical Analysis
http://www.investmenthouse.com/1glossary.htmHOME |
 TD AMERITRADE - Glossary (T)::
been targeted by another firm for a takeover. Technical Analysis Technical Rally. An upward movement in a securitys price following a declining trend.
http://www.amtd.com/investors/glossary.cfm?FirstLetter=tHOME |
Financial Sense Online Market WrapUp with Jim Willie CB 08.30.2004::
Technical chart analysis has a widely debated reputation as a forecast tool for price behavior. That is a discussion for another date. When the DXY failed
http://www.financialsense.com/Market/willie/2004/0830.htmlHOME |
Dog Days for the Market - WSJ.com::
rather well known technical event is characterized by a rally and pullback to Getting Technical Mailbag: Send your questions on technical analysis to us at
http://online.wsj.com/article/SB118833643258811382.htmlHOME |
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 Qwest Starts Clock On MCI Offer |
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