The bulls are still a long way from turning this market around, but they have a couple of positives today, if they can build on them. The Hindu Business Line : Sunday, August 10, 2008::
in 2008 — Still some glimmer of hope given that it follows a hike in TECHNICAL ANALYSIS: Index Outlook TECHNICAL ANALYSIS: Nifty may cool off
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InternetNews Realtime IT News - Technical Analysis: Stocks Turn Lower::
Technical Analysis: A Stocks, Oil Rise Together. Storage. NetApp Dedupes the Investors See Glimmer of Hope. Storage. E-Commerce. Networking. Security
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First, we had lower volume on today's decline than we did on Friday, and much lower volume than the 6-7 billion share days we saw on the NYSE at January's low. That's how bear markets end, on lower volume. But we're still lacking a significant reversal to suggest the bottom is in.
We also had tons of bearish sentiment among options traders today. If nothing else, that extreme accumulation of puts will add fuel to an eventual turn. The S&P looks good::
the beginning of the year but some technical analysis looks make it was followed by a rally back to 1425, this is a glimmer of hope in a market that
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MotoGP Blog Analysis, news and opinion from the world of MotoGP::
Technical. Tracks. About us. Reference. UK Store. US Store. Kawasaki satellite There was a glimmer of hope that we would have a couple of weeks of wild
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The S&P 500 (first chart below) is barely clinging to its January low of 1270. If that goes, 1250 and 1219-1225 come into play. 1300, 1313 and 1320-1325 are resistance.
The Dow (second chart) has major support between here and 11,635, with 11,500 below that. 12,000 and 12,100 are the start of resistance. Fouche Enterprises, Managed IT Services Provider in Springfield MO::
Our employees have a combinded experience of over 100 years of large corporate Investors See Glimmer of Hope Technical Analysis: One Eye on the Credit Markets
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Boston Scientific (BSX) Provides Good Valuation, But Technically Shaky ::
Technical Analysis: Importance of Looking at Multiple Time Frames ECONOMIC REPORT Builders still gloomy, but see glimmer of hope - MarketWatch
http://selfinvestors.com/tradingstocks/stocks/boston-scienon-but-technically-shaky/HOME |
The Nasdaq (third chart) looks very oversold on a weekly chart, but doesn't have much support until 2100-2120. 2260-2300 is major resistance.
Paul Shread is a Chartered Market Technician (CMT) and member of the Market Technicians Association.
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