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Index Recommended Levels

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Index Recommended Levels

Tue, Oct 14 2008, 03:09 GMT
by Nikolajs Serikovs

FXtechtrade


Dow Jones :
Resistance(daily close)
: 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00.   Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 (published on October 10, 2008).
Support(daily close): 8403.77, 8257.46, 8100.00 and 7920.08. Then 7695.13, 7464.38, 7290.20 and 7177.50. Break of the latter will lead to 7020.34, 6817.50, 6783.72, 6660.11 and 6484.2220 (published on October 10, 2008).

Today’s support: - 9315.00 and 9264.37(main), where a delay and correction may happen. Break of the latter will give 9213.75, where correction also can be. Then follows 9185.60. Be there a strong impulse, we would see 9112.15. Continuation will bring  9081.56, 9039.38 and 9011.22.
Today’s resistance: - 9452.77 and 9517.44(main), where a delay and correction may happen. Break would bring 9536.13, where a correction may happen. Then follows 9570.93, where a delay and correction could also be. Be there a strong impulse, we’d see 9618.40. Continuation would bring 9630.14, 9673.30 and 9717.18.

S&P500

Support: - 942.18, 900.00 and 877.50(main). Break will give 871.17, where correction could be. Then follows 866.40, where correction could also be. Be there a strong impulse, we would see 832.50. Continuation will lead to 811.33.
Resistance: - 1012.46(main), where a correction may happen. Break would result in 1018.13, where correction may be. Then 1023.75. Be there a strong impulse, we would see 1037.81. Continuation will lead to 1040.63.

NASDAQ

Support: - 1800.00, 1777.52 and 1759.22 (main), break will give 1732.80, where correction could be. Then follows 1715.63, where correction could also be. Be there a strong impulse, we would see 1695.94. Continuation will lead to 1776.25 and 1667.81.
Resistance: - 1873.13 and 1890.00(main), where a correction may happen. Break would result in 1909.64, where correction may be. Then 1922.72. Be there a strong impulse, we would see 1935.35. Continuation will give 1957.46 and 1981.43.

GOLD

Support: - 832.50(main). Break of the latter will give 822.30, 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: - 888.80, 905.70 and 928.10(main), where a correction may happen. Break would bring 936.56, where a correction may also happen. Then follows 945.68. Be there a strong impulse, we’d see 961.87. Continuation would bring 974.52.

SILVER

Support: - 10.11, 9.36 and 9.09(main). Break of the latter would give 8.93,  where correction may happen. Then  goes 8.82, where correction can also be. If a strong impulse, we would see 8.66. Continuation would give 8.52 and 8.28
Resistance :  - 11.00 and 11.18(main), where correction is possible. Break will lead to 11.32, where again may be a correction. Then  follows 11.44. If a strong impulse, we would have 11.53. Continuation would give 11.88 and 12.15.


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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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