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  1. $SPX The inside story of flash crashes, systemic risk, and the demise of value investing. http://stk.ly/ackW7Z
  2. A little more inspired today $SPX .. but not much http://bit.ly/biP8Zd
  3. Gov't MUST STOP! nothing has worked, its futile to dump MORE FUTURE taxpayer's money into this Abyss! $SPX #dollar #forex and long #gold
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Continuation : The week ahead - Mar 8-12 2010 Print E-mail
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Weekly Forecast
Sunday, 07 March 2010 20:00

winding_path_aheadThis past week we saw all of the markets breaking up above resistance levels. It now looks like all of the stock indexes will test their highs and then some. The NASDAQ Composite has already made a new high and is leading the way up. It does look like the markets have some room to continue higher. As long as the NASDAQ continues higher the rest of the market will follow. 

Gold also broke above resistance and is now consolidating the break out. It may continue sideways to down before breaking back up.

The US Dollar continues to move sideways which is good for commodities and the stock market. 

We expect the markets to continue higher this coming week.

clickforcharts


 

The Nasdaq Composite Index

First support is at 2293, 2247 and 2182.  Resistance is at 2357, 2413 and 2457.

COMPQX1


Standard and Poors SP-500 index

First support is at 1125, 11115 and 1094.  Resistance is at 1142, 1150 and 1210.

SPX1

The Dow Jones Industrial Averages Index

Support is at 10440, 10387, and 10185. Resistance is at 10600, 10730 and 11170.

DJ-30-1

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GOLD - via the GLD

GLD Support is at 110, 108.40 and 106.60 . Resistance is at 112.20 and 113.60.

GLD1

The US Dollar (Dollar Index )
The U.S. Dollar continues to consolidate its big move up and may continue sideways to down for the next week.  Support is at 80.30, 80.00 and 79.60. Resistance is at 81.13, 81.34 and 81.90.


DXYO
 

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