The following is Technical Analysis for the Nasdaq ( NAS ) for 3/9/09Nasdaq Support & Resistance Levels - March 9, 2009
Resistance Levels: 1315, 1362, 1400, 1456
Support Levels: 1253.22, 1193.42, 1108.49
http://stockcharts.com - Chart
The Nasdaq broke a new 52 week low today and had nice rally at the end of the day but failed to close back over the 1295.48 level. This is very bearish. I may jump in if we break 1320 on Monday for a ride back to the 10 day moving average. If we get more selling in Monday, keep an eye on 1253 as we doubled bottomed there back in 2002. A break below this would open the flood gates of selling. I will start getting bullish again when we close back over the 10 day moving average. This moving average will be around 1355 on Monday. For More Technical Analysis - Go Here
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