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Technical Analysis: Winding Up

Published by: admin 2008-11-21

Hedge Fund Consistency Index, Hedge Funds Research::
Carl Swenlin stated Technical analysis is a wind sock, not a crystal ball Once chart templates are set up for technical analysis, its pretty common for a
http://www.hedgefund-index.com/newstechnicals.asp
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Stocks have remained range-bound for three weeks now, and whichever way the current trading ranges break, they should be good for a big move. We'll give the bulls the edge here, because the pattern of rally and then consolidation suggests that the indexes are winding up for a move higher.

TradingDay.com Technical Analysis Tutorial - Momentum Cycles ::
TradingDay.com Technical Analysis, Charts, Stock Quotes, Momentum Cycles As these inevitable reactions wind down, losses escalate as blind fear chooses
http://www.tradingday.com/c/tatuto/momentumcycles.html
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The S&P 500 (first chart below) faces resistance at 1362, 1370-1380 and 1395-1406, and support is 1327 and 1310.

The Dow (second chart) faces resistance at 12,450-12,500 and 12,750, and support is 12,160 and 12,040.

The Nasdaq (third chart) is the weakest of the three major indexes, nearly setting a new closing low today. Support is 2252 and 2200-2221, and upside hurdles are 2350 and 2387-2419.

GEC - Personnel::
wind energy development includes technical, economic and financial analyses of structural analysis, design, and preparation of technical documentation,
http://www.globalenergyconcepts.com/personnel.htm
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Paul Shread is a Chartered Market Technician (CMT) and member of the Market Technicians Association.




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