The following is Technical Analysis for the Nasdaq ( NAS ) for 1/13/08
Nasdaq Support & Resistance Levels - January 13, 2009
Resistance Levels: 1551, 1600, 1665
Support Levels: 1500
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The Nasdaq continues its slide as we now have closed below the 50 day moving average at 1551. While this would usually give the Nasdaq support, the Dow Jones is now trading well below its 50 day moving average. The next support level I will be watching is the major support level of 1500. I'd expect the Nasdaq to get a bounce at 1500, or a close back over the 50 day moving average.
Another major area of resistance will be the 1600 level once again. I am bullish on the Nasdaq over 1500. For More Technical Analysis, Go Here
The Nasdaq continues its slide as we now have closed below the 50 day moving average at 1551. While this would usually give the Nasdaq support, the Dow Jones is now trading well below its 50 day moving average. The next support level I will be watching is the major support level of 1500. I'd expect the Nasdaq to get a bounce at 1500, or a close back over the 50 day moving average.
Another major area of resistance will be the 1600 level once again. I am bullish on the Nasdaq over 1500. For More Technical Analysis, Go Here
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