Technical Analysis: Back From the Brink | Internet News

Technical Analysis: Back From the Brink

Written By
Paul Shread
Paul Shread
Feb 11, 2006
1 minute read


Nice save by the bulls today, as the Nasdaq (first chart below) came back from what would have been a significant breakdown. For next week, critical support is 2245, and resistance is 2267, 2280-2290 and 2300. The S&P (second chart) faces resistance at 1269, 1272 and 1275, and 1260, 1255 and 1246-1250 are support. The Dow (third chart) is stronger than the other indexes, but continues to stall near 10,960 resistance. 11,000 and 11,070 are the next resistance levels, and support is 10,850, 10,800 and 10,740-10,760. No help yet from long bonds (fourth chart).






Internet News Logo

InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.