| Not much of a bounce today, with the Dow and S&P turning back at resistance (see first two charts below) and the Nasdaq (third chart) not even coming close. Resistance is 8100, 8185 and 8250-8300 on the Dow, and 862 and 875-880 on the S&P. Support is 8000, 7931 and 7838 on the Dow, and 846, 841-842 and 830 on the S&P. The Nasdaq (third chart) has support at 1335, 1330 and 1320, and resistance is 1358-1365. Forex Forays::
that shows a lot of promise involves Bollinger Bands, but not in the time, then congratulations, youve found a type of technical analysis that works.
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 MarketFN.com: Thoughts on Technical Trading::
I have just used the trend line as an example of a way to use technical analysis. Much like a trend line, one could enter a bullish position on a bounce up off a
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Special report: For a free introduction to technical analysis and chart patterns, visit http://www.internetstockreport.com/guest/article/0,1785,2571_5/00051,00.html. Indices Bounce Off Support::
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