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Technical Analysis: Nasdaq Hangs Tough

Published by: smith 2008-11-21

Today clearly went to the bulls, but now they have to build on it. The Nasdaq (first chart below) held its uptrend once again today; that's the most important support for the market here, and should be at about 1913 for tomorrow. Resistance is 1953-1961. The S&P 500 (second chart) put in a bullish hammer today after breaking through 1100-1103 support. Below that, 1095 and 1087-1091 are support, and resistance is 1106-1110, 1114 and 1120. The Dow (third chart) put in a bullish hammer after testing its yearly lows today, another hope for the bulls. Support is 9852-9862 and 9784-9814, and resistance is 9960 and 10,000.

InternetNews Realtime IT News - Technical Analysis: Still Hanging On::
With no killer app and little in the way of ROI, IPv6 is a tough sell for American enterprises. The Nasdaq (third chart) isnt faring as well as the blue
http://www.internetnews.com/bus-news/article.php/3638811
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Trade Radar: August 2007 - Stock Market Signals, Software and Analysis::
DRAM memory vendors to face tough times That brings us to the NASDAQ. sportswear, footwear, etc. Stock is still hanging on to a gain so far this year.
http://blog.trade-radar.com/2007_08_01_archive.html
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