| The Dow (first chart below) held onto the critical 8522-8530 support level today; if that goes, 8380 looks like the next major support. The index has rising resistance at 8605-8612. The Nasdaq and Nasdaq 100 (second and third charts) formed bearish shooting stars at their December highs; a down day tomorrow could signal a top. With Cisco (fourth chart) also putting in a shooting star ahead of tomorrow night's earnings, there's a chance the company's results won't be well-received. 1521 on the Nasdaq and 1155 on the NDX are the levels to beat. Support on the Nasdaq is 1500, 1467 and 1440. The S&P (fifth and sixth charts) continues to "wedge out" around the major 935-940 resistance zone. Support is 911-912 and 903-905.
 Safe Haven | Dow Jones Industrial Average on a Daily, Weekly and ::
Apr 12, 2005 A technical analysis for each chart will be presented with an If the Dow cannot hold at the One Year Moving average of the Alpha Trend,
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 TECHNICAL ANALYSIS::
File Format: Microsoft Powerpoint - View as HTMLThe Dow theory holds that there are three components in the movement of stock prices: Technical analysis has persisted for more than 100 years,
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