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Technical Analysis: Nasdaq Nears A Big Level
Published by: jack 2009-07-04

The Nasdaq (first chart below) is pushing very important resistance in the 2096-2100 range. Internals were stronger than the major indexes today, which suggests stealth buying and support for a Nasdaq assault on the 2100 level. Above that, the index has resistance up to 2118, and then it's in the clear until 2150 and 2200. Support is 2074 and 2063. The Dow (second chart) has put together an amazing nine straight small-bodied days. The index could be due for a big move soon. The index continues to struggle at 10,600-10,620 resistance, with 10,660 the next level above that. Support is 10,540, 10,500 and 10,440. The S&P (third chart) is doing a nice job of pushing higher. Resistance is 1212 and 1218, and support is 1203-1204.

RealMoney.com: Not Scared? Thats Scary::
Technical Analysis. Today, a look at the Arms Index moving averages, Community Health Systems, Consider a short sale in Abbott Labs around this level.
http://www.thestreet.com/p/_tscs/rmoney/technicalanalysis/10337872.html?puc=_tscs
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Bulls in Retreat as Indices Fail to Follow Through::
Join Our Mailing List - Receive Harrys Free Daily Closing Technical Analysis. Email: the indices closing right near key support levels in the NDX 1715-18
http://www.thetechtrader.com/harryclosing/1534/0.php
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Indices Break Support::
Join Our Mailing List - Receive Harrys Free Daily Closing Technical Analysis. Email: The day started out with a big gap down, as pre-market futures were
http://www.thetechtrader.com/harryclosing/1385/0.php
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Disappointing Finish to Up-Session::
day, but a very disappointing finish, as in the last hour they sold off and took back a big chunk of the Free Daily Closing Technical Analysis. Email:
http://www.thetechtrader.com/hc/9/2008/10
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