Technical Analysis: Nasdaq Nears Multi-year High | Internet News

Technical Analysis: Nasdaq Nears Multi-year High

Written By
Paul Shread
Paul Shread
Jul 21, 2005
1 minute read

The Nasdaq (first chart below) is approaching levels it hasn’t seen since mid-2001; above 2191-2200, 2251 and 2328 are very significant levels. Support is 2173-2175, 2164, 2150-2154 and 2144. The S&P (second chart) also needs a monthly chart at this point, and from that it appears that 1244-1250 is the next big hurdle. Support is 1229-1233, 1225-1226, 1223-1224, 1220 and 1217. The Dow (third chart) is finally getting somewhere. The next resistance levels are 10,700 and 10,750, and support is 10,650-10,673, 10,600 and 10,565-10,580.

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