Except for rising volume on the NYSE, a sign of distribution, we'd have to characterize today as not bad under the circumstances. The indexes all held support (see charts below), and the internals were fairly solid despite the index losses. In short, despite the Nasdaq's intermediate term sell signal - which the NYSE still hasn't confirmed - the market hasn't done any technical damage as of yet, so a turn back up remains a possibility. The Nasdaq (first chart) is holding that 1597-1600 support nicely. If that goes, 1575-1580 is next. Resistance is 1620-1630 and 1640-1650. The S&P (second chart) also continues to hang on, with 963-965 next support. Resistance is 985-990. The Dow (third chart) is sitting right on 9000 support. 8931 is next, and then 8775. Resistance is 9100 and 9175. Technical Analysis::
to charts to assess trends, support and resistance levels Dean LeBaron, one of this books co-authors once went to a fortune teller with friends.
http://www.deanlebaron.com/book/ultimate/chapters/tech.htmlHOME |
Don't miss the Company of the Week - every week - at http://www.wsrn.com/COW/. Technical Support::
automated nonlinear analysis of contact problems as found in rubber, metal Once nonlinearity is introduced into a model, uniqueness and stability of the
http://www.mscsoftware.com/support/library/conf/wuc93-99_3.cfmHOME |
Kitco - Commentaries - Roy Martens::
The epic struggle between the dollar bears and bulls is in full force once again. is an excerpt from the technical analysis portion of the monthly Resource
http://www.kitco.com/ind/Martens/jul082008.htmlHOME |
Avantage Financial - Forex Daily Report Thursday 10th of July - Forex ::
day moving once again yesterday and dropped down and tested the risings support. Rpchost.com - Forex Trading Technical Analysis
http://www.ibtimes.com/articles/20080710/avantage-financiathursday-10th-of-july.htmHOME |
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