The Nasdaq (first chart below) has yet to make a convincing move back above its old 2002 uptrend line that was broken last week. That line will be quite a bit higher next week - call it 1910 for now - so the index will start next week below that line. It will take a powerful move up to regain that trendline and begin a new move up. Support is 1876, 1860, 1856, 1853, 1846 and 1838. The S&P (second chart) faces major resistance at 1107, with 1117 above that, and support is 1094, 1089 and 1086. The Dow (third chart) continues to struggle at 10,163 resistance; if it can break above that, 10,225 is next. Support is 10,085, 10,048-10,068 and 10,030-10,032. U.S. markets still searching for a technical floor - MarketWatch::
with the Dow, the Nasdaqs recent pullback follows a failed test of the 2,634 June high. better trader with technical analysis of the markets trading
http://www.marketwatch.com/news/story/us-markets-still-searching-86011943EA5}&siteid=yhoofHOME |
 Dow Jones Industrials Chart, Technical Analysis::
Industrials chart, commentary and technical analysis. Not just the same Lets see what happens when it tries to test the recent intraday high at 10,740.
http://www.capitalstool.com/dow-jones-industrials-archive1-01.htmHOME |
BW Online | August 9, 2004 | A Key Move for the S&P 500::
the break of this floor should be considered an important technical breakdown. The Nasdaq is quickly approaching bear market territory, with its 17.5% decline
http://www.businessweek.com/investor/content/aug2004/pi2004089_6937_pi045.htmHOME |
 Accenture Lands Potential $10B Federal Contract
 A Mirror Image Of 2001
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