The following is Technical Analysis for the Nasdaq ( NAS ) for 2/6/09Nasdaq Support & Resistance Levels - February 6, 2009
Resistance Levels: 1568, 1600, 1665
Support Levels: 1525, 1500, 1476, 1434
http://stockcharts.com/ - Chart
The Nasdaq has another great day, briefly breaking 1500 and then bouncing. The Nasdaq closed over the 10 and 50 day moving averages and I now expect us to retest the resistance area between 1568-1573 - if we clear this, there isn't much resistance until 1600 and 1617. Pullbacks under 1500 look great to buy with a stop at around 1475. AAPL, RIMM, GOOG, AMZN and the QQQQ continue to be very strong. Bottom Line: Tech is performing great while the Dow and S&P lag behind. For more technical analysis - Go Here
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