Partner With Us







InternetNews.com >> Business



Technical Analysis: Stocks Wind Up

The Dow and S&P are getting wound up for a big break. Which way will it be?

August 27, 2008
By Paul Shread: More stories by this author:

The Dow and S&P (first two charts below) are winding up in a tight trading range here. Which way will they break?

On the plus side, both indexes are holding some semblance of a rising channel, which holds the possibility of further gains. But both have been stymied at a downtrend line off the highs set earlier this month. A move above today's highs of 1285 and 11,554 could be good for some nice upside, while a move below 11,400 or 1270 could create room to 11,200 and 1250.

The Nasdaq (third chart) is in a trickier spot, technically speaking; its stronger rise hasn't formed the clean patterns present on the Dow and S&P. Support is 2362, 2350 and 2335, and resistance is 2400 and 2415.

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







Business Archives | 7 Day InternetNews Summary | Contact Paul Shread | Back to top

Add internetnews.com
to your browser search box.

IE 7 | Firefox 2.0 | Firefox 1.5.x
Receive news
via our XML/RSS:
feed



More InternetNews.com


Hardware Software Mobility Web Content
Search Government Developer Business
Storage E-Commerce Networking Security

JustTechJobs.com New Openings
Project Manager-Fixed Income-GMI Futures Operations Account Executive – Technology Sales, New Business (NoCA) Senior Network Engineer - Juniper (NYC)
JAVA Developer – Trading Industry (NYC) Engagement Manager (AZ) IP Network Engineer
Search all Jobs » Post Your Job »


internet.commediabistro.comJusttechjobs.comGraphics.com

Search:

WebMediaBrands Corporate Info

Legal Notices, Licensing, Reprints, Permissions, Privacy Policy.
Advertise | Newsletters | Shopping | E-mail Offers | Freelance Jobs

Solutions

Whitepapers and eBooks

Adobe Article: Adobe Helps PHP Developers Create Rich Internet Applications
Adobe Article: Java Developers Finding a Home at Adobe Flex
IBM Articles: A Smarter Business Needs Smarter Technology
Intel Xeon Processor Increases Server Efficiency and Capabilities
Intel Tech Brief: Automated Energy Efficiency for the Intelligent Enterprise
Oracle Whitepaper: Using Oracle In-Memory Database Cache to Accelerate the Oracle Database
Oracle Whitepapers - Innovation for IT Leaders
Avaya Article: Communication-Enabled Mashups--Empowering Both Business Owners and IT
 Internet.com eBook: IT Manager's Guide to Social Networking
Internet.com eBook: Get Ready for Windows 7
Microsoft Article: Expression Web 3--New Features for PHP Developers
Whitepapers: Manage Your Business Infrastracture with IBM
Whitepaper: Maximize Your Storage Investment with HP
Internet.com eBook: Becoming a Better Project Manager
Microsoft Article: Stress Free and Efficient Designer/Developer Collaboration
MORE WHITEPAPERS, EBOOKS, AND ARTICLES

Webcasts

Webcast: Connecting PHP to Microsoft Technologies
Video: Microsoft Partner Program Benefits
Video: Windows Azure Debugging Tips
SAP BusinessObjects Webcast: Unlock the Power of Reporting with Crystal Reports
 IBM Webcast: Speed Business Innovation with Reduced Cost and Risk
Video: Deploy Applications on Windows Azure
MORE WEBCASTS, PODCASTS, AND VIDEOS

Downloads and eKits

Downloads & Free Trials: Microsoft's New Efficiency Resource Center
Get the Windows 7 SDK
Free Trial: Red Gate SQL Backup Pro 6
 Iron Speed Designer Application Generator
MORE DOWNLOADS, EKITS, AND FREE TRIALS

Tutorials and Demos

Virtual Lab: Migrating PHP Applications
Enabling Web Slices and Accelerators with a PHP Site
Internet.com Hot List: Get the Inside Scoop on the Hottest IT and Developer Products
 All About Botnets
MORE TUTORIALS, DEMOS AND STEP-BY-STEP GUIDES