The following is Technical Analysis for the Nasdaq ( NAS ) for 2/19/09Nasdaq Support & Resistance Levels - February 19, 2009
Resistance Levels: 1500, 1535
The Nasdaq hit a low of 1454.46 today which breaks the Feb 2nd low of 1460. There is a major support area between 1434-1444 for the Nasdaq and if we break through this level, you could be looking at a retest of 1400. On the upside, 1500 is now resistance and bounces toward 1500 will most likely be met with selling pressure. There is also resistance at both the 10 and 50 day moving averages. For More Technical Analysis - Go Here
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