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Strategies & Market Trends : IPO and Other Stock Plays -- Ignore unavailable to you. Want to Upgrade?

To: david777 who wrote (12415)	5/11/2005 10:02:53 PM
From: david777	Respond to of 13331

Support and Resistance: NASDAQ: Closed at 1971.55 Resistance: Early October high at 1971 The March/April consolidation low at 1974 The 50 day EMA at 1982 The 200 day SMA at 1993.61 The 50 day SMA at 1987.45 Early April high at 2021, February lows at 2023. 2100 is a key resistance point. Support: Late 2003 highs from 1960 to 1970 1962 is the recent lower high. 1950 (top of October to December 2003 consolidation) The 18 day EMA at 1956 1904 is the April low. 1900 from October 2004, March 2004, October to December 2003 (consolidation range bottom) held on this last test. 1876 from the May 2004 low and November 2003 low. 1860 from the late September 2004 low. S&P 500: Closed at 1171.11 Resistance: The 50 day EMA at 1173 1175 second high in that double top that spanned late 2001 and early 2002 The 50 day SMA at 1178 The April high at 1192. 1196, the mid-January high and the early December peak in the left shoulder. March 2003 up trendline at 1199 1200 December high at 1217. Support: 1164 is the January/March neckline to the head and shoulders pattern. The 18 day EMA at 1166 The 200 day SMA at 1158 1137 the recent April low. 1139.50 is the August 2003/August 2004 up trendline 1129 to 1125 1100 to 1095 Dow: Closed at 10,300.25 Resistance: The 200 day SMA at 10,385 10,400, the bottom of the November/December range The 50 day SMA at 10,453 The April high at 10,557 Price consolidation at 10,600 10,754 is the February high Support: The 18 day EMA at 10,290 The recent April highs at 10,264 Some price consolidation at 10,250 10,065 from March 2004 lows. 10,000 the recent lows. 9988 from September 2004. 9933 to 9900