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Index Recommended Levels

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Index Recommended Levels

Thu, Oct 9 2008, 03:14 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: - 9213.72 and 9180.00(main), where a delay and correction may happen. Break of the latter will give 9116.13, where correction also can be. Then follows 9137.80. Be there a strong impulse, we would see 9111.09. Continuation will bring  9090.40, 9056.24 and 9000.00.
Today’s resistance: - 9316.22 and 9371.25(main), where a delay and correction may happen. Break would bring 9413.44, where a correction may happen. Then follows 9450.00, where a delay and correction could also be. Be there a strong impulse, we’d see 9489.38. Continuation would bring 9520.31 and 9541.40.

S&P500

Support: - 967.60(main). Break will give 953.44, where correction could be. Then follows 922.50, where correction could also be. Be there a strong impulse, we would see 908.43. Continuation will lead to 894.50.
Resistance: - 1023.75 and 1037.81(main), where a correction may happen. Break would result in 1040.63, where correction may be. Then 1068.76. Be there a strong impulse, we would see 1080.00. Continuation will lead to 1096.88.

NASDAQ

Support: - 1718.44 and 1707.19(main), break will give 1693.13, where correction could be. Then follows 1680.47, where correction could also be. Be there a strong impulse, we would see 1665.36. Continuation will lead to 1645.31 and 1620.36.
Resistance: - 1771.85 and 1797.19(main), where a correction may happen. Break would result in 1811.25 where correction may be. Then 1861.88. Be there a strong impulse, we would see 1898.44. Continuation will give 1935.09.

GOLD

Support: - 888.74, 876.09, 860.63 and 849.37(main). Break of the latter will give 832.50, where a correction is possible. Then 810.00, where a correction is also possible. Be there a strong impulse, we would see 804.38. Continuation will bring 798.75.
Resistance: - 911.30 and 922.50(main), where a correction may happen. Break would bring 928.10, where a correction may also happen. Then follows 936.56. Be there a strong impulse, we’d see 945.68. Continuation would bring 961.87.

SILVER

Support: - 11.10, 10.88 and 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 :  - 11.74(main), where correction is possible. Break will lead to 11.88, where again may be a correction. Then follows 12.15. If a strong impulse, we would have 12.31. Continuation would give 12.70.


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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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