Technical Analysis: A Lower High For The Nasdaq? | Internet News

Technical Analysis: A Lower High For The Nasdaq?

Written By
Paul Shread
Paul Shread
Feb 14, 2004
1 minute read

The Nasdaq (first chart below) looks like it may be putting in a lower high here. However, volume declined again today, so the move is lacking in conviction so far. The Nasdaq has support at 2050, 2040-2044 and 2032, and resistance is 2063, 2072 and 2083. The S&P (second chart) has support at 1142, 1136, and 1129-1132, and resistance is 1150-1151 and 1157-1160. The Dow (third chart) has support at 10,600, 10,577, 10,550 and 10,500, and resistance is 10,673-10,688, 10,705 and 10,750.

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