A clear victory for the bulls today. The Dow (first chart below) broke 9352-9361 resistance, and based on the size of that bullish ascending triangle, the index could be headed for 9600-9700. First resistance is 9470, and 9352-9361 is now important support. The S&P (second chart) broke its July downtrend today. 1004.6 and 1015 is resistance, and 994 and 990 are support. The Nasdaq (third chart) also had a nice breakout today, and closed right at a downtrend line at about 1740. 1757 and 1776 are next resistance levels, and 1727 and 1700 are support. The Dow is Falling Through Support Levels: Is the Worst Yet to ::
Aug 16, 2007 Today’s break in support could be completely reversed tomorrow, technical analysis can’t predict that. What is important to consider is that
http://genxfinance.com/2007/08/16/the-dow-is-falling-through-support-levels-is-the-worst-yet-to-come/HOME |
 The Big Picture | GE/Dow Jones Spin Out?::
May 7, 2007 GE/Dow Jones Spin Out? Wednesday, May 02, 2007 | 10:45 AM .. David R Aronson: Evidence-Based Technical Analysis
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Technical Analysis::
Technical analysis is the study of prices and volumes in actively traded free .. However, as a rule, prices should break out in the direction of the
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Elliott Wave Theory Market timing technical market analysis::
Volume Technical Analysis, Dow Theory. Volume Technical Analysis Technical Analysis based on the Elliott Wave Theory of Market Timing breaks down
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Technical Analysis: The Dow Breaks Out