The following is Technical Analysis for the Nasdaq ( NAS ) for 2/24/09Nasdaq Support & Resistance Levels - February 24, 2009
Resistance Levels: 1400, 1500, 1535
The Nasdaq broke a key support level of 1400 today and ended below this level as well. The
next level of support is between 1384-1386 but then the Nasdaq has a huge gap all the way
down to 1315. As you probably know, the Nasdaq 52 week low is 1295.48. Until we get some clarity and a plan about how we are going to solve the financial crisis, the markets are vulnerable. Resistance: The Nasdaq will have minor resistance at 1400 and 1455 but 1500 will now be the major resistance level. For More Technical Analysis - Go Here
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next level of support is between 1384-1386 but then the Nasdaq has a huge gap all the way
down to 1315. As you probably know, the Nasdaq 52 week low is 1295.48. Until we get some clarity and a plan about how we are going to solve the financial crisis, the markets are vulnerable. Resistance: The Nasdaq will have minor resistance at 1400 and 1455 but 1500 will now be the major resistance level. For More Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
