Monday, March 08, 2004

All about point and figure charting:

Point and Figure Charting - Thomas Dorsey
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This site has good charts, but it is REALLY slow loading:

Technical Analysis: Keep An Eye On The Dow

The Dow (first chart below) is setting up to be the index to watch here. The index has held a rising trendline going back two months now. That line is at about 10,568 for tomorrow; a close below that line and then the 50-day moving average at 10,535 could signal a coming correction. Resistance is 10,610-10,615, 10,678, 10,705 and 10,750. The S&P (second chart) has a similar trendline just under 1140 for tomorrow, and the index would break short-term support on any move down tomorrow. 1160 is major resistance, and 1173-1177 is above that. The Nasdaq (third chart) was stopped just short of its downtrend line today. 2045-2055 is now resistance again, and 2063-2072 is above that. Support is 2030, 2018-2022, 2012, 2000, 1990 and 1978. Once again, volume rose on a down day, and continues to support the bears.


Technical Analysis (08 March)
Myiris.com, India - 11 hours ago
After the recovery from 1764 levels on 27th February, the Nifty has been trying
to stay buoyant at the higher levels, much lower than the technical limit of ...

Technical Analysis: Bulls regain
Sify, India - Mar 5, 2004
Bear domination on Monday is likely to change the sentiment reading
in their favour. Otherwise, the prevailing bullish sentiment ...

Technical Analysis: Bear domination
Sify, India - Mar 4, 2004
The sentiment reading of the tradable counters remains bullish. Bear domination
on Friday is likely to turn the sentiment reading into bearish. ...

Technical Analysis: A Critical Moment
InternetNews.com, United States - Mar 4, 2004
The indexes ended the day at some interesting levels. The Nasdaq (first chart
below) closed just below its downtrend line and 50-day moving average. ...

Technical Analysis: Bulls march ahead
Sify, India - Mar 3, 2004
The sentiment reading of the tradable counters stands bullish. Bear domination
on Thursday is likely to change the sentiment reading in its favour. ...

Technical Analysis: Bull onslaught
Walletwatch, India - Mar 1, 2004
The sentiment reading of the tradable counters stands bullish. Bear domination
on Wednesday is likely to neutralise the sentiment reading. ...

Technical Analysis: Support Holds
InternetNews.com, United States - Mar 3, 2004
The Dow (first chart below) looks like it could be forming a lopsided
head and shoulders top over the last two months. A close below ...


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