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Index Recommended Levels

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Index Recommended Levels

Mon, Oct 6 2008, 02:38 GMT
by Nikolajs Serikovs

FXtechtrade


Dow Jones :
Resistance(daily close)
: 11 520.30, 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Then 13 567.60, 13 668.74 и 13 792.53.   Break of the latter will lead to 13 972.50, 14 045.62, 14 124.38 and 14 225.63 (published on July 14, 2008).
Support(daily close): 11 036.25, 10 980.00, 10 930.78, 10 800.00 and 10 718.45. Then 10 535.60, 10 428.80, 10 313.44, 10 125.00 and 10 046.30. Break of the latter will lead to 9990.00, 9911.25, 9722.70, 9360.11, 9084.30 and 8910.20 (published on July 14, 2008).

Today’s support: - 10 313.14, 10 260.00 and 10 226.28(main), where a delay and correction may happen. Break of the latter will give 10 204.00, where correction also can be. Then follows 10 186.88. Be there a strong impulse, we would see 10 172.14. Continuation will bring  10 144.68 and 10 102.78.
Today’s resistance: - 10 406.28 and 10 451.30(main), where a delay and correction may happen. Break would bring 10 496.28, where a correction may happen. Then follows 10 513.13, where a delay and correction could also be. Be there a strong impulse, we’d see 10 530.00. Continuation would bring 11 580.63 and 10 608.74.

S&P500

Support: - 1096.88(main). Break will give 1080.00, where correction could be. Then follows 1072.97, where correction could also be. Be there a strong impulse, we would see 1058.90. Continuation will lead to 1044.85.
Resistance: - 1126.40, 1150.31 and 1176.50(main), where a correction may happen. Break would result in 1189.64, where correction may be. Then 1205.15. Be there a strong impulse, we would see 1220.63. Continuation will lead to 1237.46.

NASDAQ

Support: - 1923.84 and 1912.56(main), break will give 1890.00, where correction could be. Then follows 1878.74, where correction could also be. Be there a strong impulse, we would see 1868.20. Continuation will lead to 1845.00 and 1832.34.
Resistance: - 2047.56, 2086.88 and 2103.74(main), where a correction may happen. Break would result in 2115.70 where correction may be. Then 2126.25. Be there a strong impulse, we would see 2148.68. Continuation will give 2162.77.

GOLD

Support: - 810.00 and 804.38 (main). Break of the latter will give 798.75, where a correction is possible. Then 784.70, where a correction is also possible. Be there a strong impulse, we would see 770.63. Continuation will bring 760.80.
Resistance: - 855.00 and 871.90(main), where a correction may happen. Break would bring 880.31, where a correction may also happen. Then follows 888.76. Be there a strong impulse, we’d see 900.03. Continuation would bring 905.63 and 912.65.

SILVER

Support: - 10.62(main). Break of the latter would give 10.51,  where correction may happen. Then  goes 10.44, where correction can also be. If a strong impulse, we would see 10.27. Continuation would give 10.08.
Resistance :  - 11.16 and 11.37(main), where correction is possible. Break will lead to 11.50, where again may be a correction. Then  follows 11.74. If a strong impulse, we would have 11.88. Continuation would give 12.15 and 12.31.


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FXtechtrade  | Riga, Republic of Latvia
http://www.fxtechtrade.com | vilks49@yahoo.com

Legal disclaimer and risk disclosure

Any information presented by Nikolajs Serikovs at this very website should be in no way understood as an offer, promise or guarantee for receiving a profit or avoiding the losses. Stated here levels of support and resistance must not be construed as an investment advice or endorsement for any financial instrument. There exists no guarantee that the market would behave in accordance with the information stated here Prepared in Republic of Latvia for the worldwide distribution.

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