| The S&P (first two charts below) is closing in on some major resistance just under 960 - its Sept. 2000 downtrend line and neckline of a multi-year head and shoulders top. If it can break above that and hold, this rally could turn into a cyclical bull market, particularly if the Dow (third chart) can follow with a close above 9077. Both indexes, however, continue to be stymied by rising resistance, a potential negative. Support is 927 and 918 on the S&P, and 8570 and 8522-8530 on the Dow. The Nasdaq (fourth chart) has solidified its break above 1521-1530, which should now be support. It too is coming up on major resistance, its main bear market trendline around 1600. Internals improved solidly today, which is a positive, and the equity out-call ratio has not yet registered a bearish sub-.45 reading. The VIX (fifth chart), the options volatility index, has run along its lower weekly Bollinger Band for five straight weeks for only the fourth time in 9 years; if history is any guide in that admittedly small sample, a sharp correction should begin over the next week or so. But options players will need to show more complacency first. Reuters India/S.Asia market technical analysis - Aug 19 | Reuters::
A close on Monday right on the Q1 low of 14645. Tuesday's high was a 61.8 pct Fibonacci retracement of the entire May-July downmove so the resistance there
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Don't miss the Company of the Week - every week - at http://www.wsrn.com/COW/. Technical Analysis Study: Spicy Pickle's (SPKL) Bullish Engulfing ::
Spicy Pickle (SPKL) recently made a bullish reversal pattern on its chart - a bullish engulfing candlestick. Read why this technical analysis study bodes
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Technical Analysis, Small Cap Stock Picks, Day Trading, Swing Trading::
s stock chart is shaping up nicely from a technical analysis point of veiw with a strong bottoming ascending triangle pattern and large volume spikes in
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2007 Technical Analysis of key commercial PC - TPM security chip ::
Jul 23, 2008 Tags: Analysis, chip, commercial, key, PC, security, Technical, TPM In the initial stage of development of the computer, the user’s
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