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Solid buying on the NYSE today, with 84% upside volume, but that still isn't the 90% "all clear" signal we were looking for. To underscore that point, just look to the Nasdaq, where upside volume was about 60% today. A little too much selective buying in tech land suggests a market that's still a little too cautious. So while the market can always surprise, we think it may still have some base-building ahead of it before it can resume its advance. The S&P (first chart below) faces resistance at 1405, 1410 and 1416, and support is 1397-1402 and 1388. The Dow (second chart) faces resistance at 12,250, 12,300 and 12,350, and support is 12,190-12,200, 12,150 and 12,100. The Nasdaq (third chart) faces very tough resistance at 2405-2407, and support is 2385-2390 and 2375. Bond yields (fourth chart) are also range-bound here, with tough resistance just above 4.6%.
Bill Cara: High tech or gold? Tues., Feb. 14, 2006, 6:15 AM:: Even yesterday, while the goldminers got hammered, the techs were suffering more. to buy weakness and sell strength using technical analysis as my timing guide. http://www.billcara.com/archives/2006/02/high_tech_or_go.htmlHOME | MastersoEquity.com Blog stock market:: More Steps To Prevent Proliferation Of Our IP really need to pick up on article writing soon. 0 Comments TECHNICAL ANALYSIS http://mastersoequity.com/blog/category/uncategorized/HOME | Monitor Heater Problems,Complaints,Repairs,Parts - Als Heating.:: And being 10 years old, the Heater did need a Re-build. Link for Our Technical Forum Page and read about MORE problems with the Monitor Heaters! http://www.alsheating.com/MonitorHeaterProblemsComplaintsRepairs.htmHOME |
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