Technical Levels

Tuesday, March 25, 2008

Market View: Stock indices test initial supports

Noted first level supports in The Technical Take at 2311/2309 Nasdaq Comp, 1342/1341 S&P 500 and 12460/12450 Dow and have seen the indices test these levels following the weak Consumer Confidence data. Only a limited push off the low has been noted thus far but the solid price action Thursday/Monday suggest that the current dip is merely part of a short term correction