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Technical Analysis: Techs Take the Lead

Published by: wktd 2009-01-08

The Nasdaq (first chart below) is leading the rally here, a show of relative strength that could be good for the rest of the market, since the tech sector tends to lead.

If the Nasdaq can get through 2550, a gap at 2570-2600 is next. Support is 2516 and 2500.

Dollar was 2007 subprime casualty, but 2008 might be different ::
the year, said Adam Hewison, president of INO.com, a technical analysis Web site. in stock; Buffett to take stake. Obama opens lead in three key swing
http://www.marketwatch.com/news/story/dollar-2007-subprime56D36868}&dist=TNMostRead
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If the S&P (second chart) can get through a ton of resistance at 1428, 1435 and 1445, 1485-1500 could be the next target. Support on the index is at 1405 and rising.

Slashdot | Consumer Reports Discovers Tech Support Sucks::
the product and devise a marketing strategy based on the same analysis. that other companies would take Ciscos lead and train their damn techs, rather
http://slashdot.org/article.pl?sid=03/08/08/1558203
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The Dow (third chart) has suddenly become the laggard here, once again facing resistance at 13,000-13,150. 12,900 is now support.

CARS 2004 to Offer Timely Technical Courses Taught by Experienced ::
the best in technical training taught by the nations leading instructors. techs and shop owners develop diagnostic strategies with exhaust gas analysis.
http://www.asashop.org/news/2004/aug2004/ASA28.htm
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Staff/Technician Positions::
Applicant must have strong technical knowledge in southeast flora and fauna, be of the ESRP Coordinator, this position will take the lead on and oversee the
http://www.biology.duke.edu/jackson/ecophys/06staff.html
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Bond yields (fourth chart), meanwhile, are closing in on some resistance of their own at the 200-day moving average just above 4%.

Paul Shread is a Chartered Market Technician (CMT) and member of the Market Technicians Association.




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