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

To: david777 who wrote (12520)	5/16/2005 11:27:33 PM
From: david777	Respond to of 13331

Support and Resistance: NASDAQ: Closed at 1994.43 Resistance: In the March/April consolidation with the low at 1974 and high at 2021. The 200 day SMA at 1995 Early April high at 2021, February lows at 2023. 2100 is a key resistance point. Support: The 50 day EMA at 1981 Late 2003 highs from 1960 to 1970 1962 is the recent lower high in April. The 18 day EMA at 1962 1950 (top of October to December 2003 consolidation) 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 1165.69 Resistance: The 18 day EMA at 1164.52 was cracked Monday. 1164 is the January/March neckline to the head and shoulders pattern is being tested now. The 50 day EMA at 1172 1175 second high in that double top that spanned late 2001 and early 2002 The 50 day SMA at 1174.51 The April high at 1192. 1196, the mid-January high and the early December peak in the left shoulder. Price resistance at 1200 and the March 2003 up trendline at 1200.50 December high at 1217. Support: The 200 day SMA at 1159 1140.50 is the August 2003/August 2004 up trendline 1137 the recent April low. 1129 to 1125 1100 to 1095 Dow: Closed at 10,252.29 Resistance: The recent April highs at 10,264 The 18 day EMA at 10,264 The 200 day SMA at 10,386 10,400, the bottom of the November/December range The 50 day SMA at 10,413 The April high at 10,557 Price consolidation at 10,600 10,754 is the February high Support: 10,065 from March 2004 lows. 10,000 the recent lows. 9988 from September 2004. 9933 to 9900