The following is Technical Analysis for the Nasdaq ( NAS ) for 3/6/09Nasdaq Support & Resistance Levels - March 6, 2009
Resistance Levels: 1376, 1400, 1456
The Nasdaq made a new 52 week closing low today at 1299.59. The next level of support is 1295.48 and then all the way down to 1253.22. The 1253 level held twice back in 2002 and then you have two huge gaps down to 1193.42 support and 1108.49 support. If we get a close under 1253 on the Nasdaq, things could get very ugly! On the upside, we failed at the 10 day moving average yesterday. As soon as we get back over this level I think you could see a nice rally! 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
