As they say, no one has a longer memory than a trader sitting on a losing position, and today was proof positive of that old axiom. The Nasdaq (first chart below) was turned back today at a trendline that marked a big breakdown in March, giving traders who placed wrong bets at that level a chance to get out even. Support levels are 2040, 2035 and 2030, 2020 and 2010, and resistance is 2063-2065, 2068, 2078 and 2090-2100. The S&P (second chart) has support at 1186-1187, and resistance at 1200-1201. The Dow (third chart) has support at 10,395-10,405, and resistance is 10,570-10,620. Bottoms In! - Jack Steiman::
I basically use technical analysis to make all decisions for the markets. Now the news is basically old, and the markets looking forward.
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 Technically Speaking | Blogs | Reuters.com::
Tags: Uncategorized, asian markets, bse, India, rupee, sensex, technical analysis All the important support and resistance levels are shown and you can see just
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Since You Asked - January 2001::
Since the Nasdaq is a fragmented market (using many market Copyright © 1996-2008 Technical Analysis, Inc. All rights reserved. Read our privacy statement.
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You know, I think technical analysis is bull - BloggingStocks::
pullback, resistance, support, Technical Analysis, TechnicalAnalysis, uptrend AAPL hits 52-week low again, makes up for it
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Technical Analysis: Nasdaq Hits Old Resistance