The following is Technical Analysis for the Nasdaq ( NAS ) for 12/28/08, 12/29/08
Nasdaq Support & Resistance Levels - December 29, 2008
Support Levels: 1500, 1450
http://stockcharts.com - Chart
The Nasdaq continues to trade above the key support level of 1500 which is bullish. However, proceed with caution as the Nasdaq is once again trending below both the 10 day and 50 day moving averages.
This coming week will be a light volume one so i'm waiting for the volume to come back to see which direction we are going next.
The Nasdaq has resistance at 1545 and 1560 while support is 1500 and 1450.
http://stockcharts.com - Chart
The Nasdaq continues to trade above the key support level of 1500 which is bullish. However, proceed with caution as the Nasdaq is once again trending below both the 10 day and 50 day moving averages.
This coming week will be a light volume one so i'm waiting for the volume to come back to see which direction we are going next.
The Nasdaq has resistance at 1545 and 1560 while support is 1500 and 1450.
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