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Technical Analysis: Put Buyers Show Up

Published by: wktd 2008-11-21

As soon as we think the market is getting complacent, put buyers show up again. We doubt the one-day pullback did all that much to refresh weeks of complacency, but the trend may be up into earnings reports on Wednesday. The S&P (first two charts below) its trying to recover the uptrend line it broke down out of on Friday. Resistance is 1130-1132, and support is 1120.90. The Nasdaq (charts three and four) has resistance at 2113.33, 2125 and 2141-2163, and support is 2100 and 2077-2080. The Dow (charts five and six) has important support at 10,450, and resistance is 10,530-10,550, 10,589-10,592, and 10,670.

How to put information behind your trades::
Technical Alerts. Breaking News. PowerRatings. Short Term. Long Term. Charts My own data analysis confirmed this perspective, suggesting strong odds of
http://www.tradingmarkets.com/.site/stocks/commentary/wmgaon-behind-your-trades.cfm
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HDTV Magazine Articles - 2008 HDTV Buyers Guide, Part 1::
Buyers Guide, Part 1. By Rodolfo La Maestra. Senior Technical Reports Latest Tests of HDTVs Show Quality Up, Prices Down - Shane Sturgeon - Feb 5, 6:23pm
http://www.hdtvmagazine.com/articles/2008/02/2008_hdtv_buyers_guide_part_1.php
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Technical Analysis of Commodity Markets: Emphasis on Bar Charts::
producers supply to the market equals the quantity buyers are willing to take. The trend line approach is effective in markets that show sustained trends.
http://trmep.tamu.edu/cg/factsheets/rm2-24.html
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