Microsoft (first chart below) put in an "island reversal" the last four days, stranding investors who bought on the company's big payout news on an "island" surround by two gaps. That really calls for nothing more than a retest of the recent lows around 27.20, but it's a heads up to be on the lookout for more bearish patterns possibly developing. Those gaps at 28.40-28.80 should now be solid resistance, with lots of investors just hoping to get out even. The Nasdaq (second chart) broke its October 2002 uptrend today - not a good sign for the techs. The next major support areas are 1840-1842, 1812-1814 and 1776-1792. Resistance is 1853, 1865-1870, 1883-1889, and 1894-1900. The S&P (third chart) has support at 1083 and 1075-1080, and then every 5 points down to 1050. Resistance is 1087-1093, 1096, 1100 and 1106-1107. The Dow (fourth chart) has support at 9932, 9900 and 9850, and resistance is 10,000-10,008, 10,062, 10,162 and 10,215-10,220.