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Shadi

Monday, April 7, 2008

Wal-Mart Stores, Inc. (WMT) Technical Analysis

Today we'll analyze the Stock WMT for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 50.94$ (02/01/08) to 48.53$ (02/08/08) a 2.41$ move
2- The current bullish trend started from 48.53$ at 02/08/08 and is currently trading at 54.40$.

3- According to ADX, the trend is currently bullish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
4- The Stock was supported by a support line, identified by two points: 48.53 and 45.5, and is currently supporting at 53.378.
Mid term chart patterns :
5- The Stock was supported by a support line, identified by two points: 45.5 and 42.51, and is currently supporting at 50.3588.
Long term chart patterns :
6- The Stock formed Double Top Pattern at 49.37 that failed, and formed a support .

Conclusion:
WMT was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: .
Support Levels: 53.38, 53.01, 52.16, 51.47, 50.77, 50.36, 49.38,.


That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,







feel free to leave your comments on the post, or contact me

enjoy your online market trading!!
have a nice day,

Shadi
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UltraShort S&P500 ProShares (ETF) (SDS) Technical Analysis

Today we'll analyze the Stock SDS for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 61.42$ (03/25/08) to 64.48$ (03/28/08) a 3.06$ move
2- The current bearish trend started from 64.48$ at 03/28/08 and is currently trading at 59.50$.

3- According to ADX, the trend is currently bearish, which is getting stronger.
Short term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 64.48 and 66.73, and is currently resisting at 62.605.
Mid term chart patterns :
5- The Stock formed a 10.22$ height triangle which was broken down at 63.58 in higher than usual volume, target of the pattern is 53.36.
Long term chart patterns :
6- The Stock was supported by a support line, identified by two points: 58.87 and 50.18 that was broken down at 64.14 transforming into a resistance line.

Conclusion:
SDS was trading in a bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy .

Resistance Levels: 60.68, 61.40, 61.99, 62.58, 62.61, 64.48, 64.52, 64.72, 69.25, 73.74.
Support Levels: .

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Advanced Micro Devices, Inc. (AMD) Technical Analysis

Today we'll analyze the Stock AMD for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 7.21$ (02/29/08) to 5.91$ (03/28/08) a 1.30$ move
2- The current bullish trend started from 5.91$ at 03/28/08 and is currently trading at 6.23$.

3- The stock current support level is at 6.22 which is the 23.60% fibonacci retracement of the last 1.30$ move.
4- The stock current resistance level is at 6.41 which is the 38.20% fibonacci retracement of the last 1.30$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 7.21 and 8 that was broken up at 6.23 transforming into a supporting line.
Mid term chart patterns :
7- The Stock formed a 1.75$ height triangle which was broken up at 6.23 in higher than usual volume, target of the pattern is 7.98 which was broken down at 6.38 in higher than usual volume, target of the pattern is 4.63.
Long term chart patterns :
8- The Stock formed a 1.75$ height triangle which was broken up at 6.23 in higher than usual volume, target of the pattern is 7.98 which was broken down at 6.38 in higher than usual volume, target of the pattern is 4.63.

Conclusion:
AMD was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 6.41, 6.52, 6.56, 6.71, 7.21, 7.56, 7.98, 8.01.
Support Levels: 6.22, 6.22, 6.15, 6.11, 6.07, 6.03, 5.91, 4.63,.

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Altria Group, Inc. (MO) Technical Analysis

Today we'll analyze the Stock MO for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 21.67$ (03/20/08) to 22.77$ (03/28/08) a 1.10$ move
2- The current bearish trend started from 22.77$ at 03/28/08 and is currently trading at 21.71$.

3- The stock current support level is at 21.67 which is the 100.00% fibonacci retracement of the last 1.10$ move.
4- The stock current resistance level is at 22.09 which is the 61.80% fibonacci retracement of the last 1.10$ move.
5- According to ADX, the trend is currently bearish,which is becoming weaker.
Short term chart patterns :
6- The Stock traded in a bearish channel identifed by support at 21.67 and 22.86, resistance between 22.77 and 24.12, the channel is currently supported from below by 21.4536 and resisted from above by 22.6473.
Mid term chart patterns :
7- The Stock was supported by a support line, identified by two points: 19.48 and 16.67 that was broken down at 21.71 transforming into a resistance line.
Long term chart patterns :
8- The Stock was supported by a support line, identified by two points: 19.48 and 9.01 that was broken down at 21.71 transforming into a resistance line.

Conclusion:
MO was trading in a bearish wave, which is becoming weaker .
Technical indicators and chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy .

Resistance Levels: 21.83, 21.96, 22.03, 22.09, 22.11, 22.22, 22.24, 22.35, 22.37, 22.51, 22.77,.
Support Levels: 21.67, 21.37, 20.99,.

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AT&T Inc. (T) Technical Analysis

Today we'll analyze the Stock T for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 37.88$ (02/15/08) to 34.83$ (02/29/08) a 3.05$ move
2- The current bullish trend started from 34.83$ at 02/29/08 and is currently trading at 38.48$.

3- The stock current support level is at 37.88 which is the 100.00% fibonacci retracement of the last 3.05$ move.
4- The stock current resistance level is at 38.71 which is the 127.20% fibonacci retracement of the last 3.05$ move.
5- According to ADX, the trend is currently bullish,which is becoming weaker.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 37.88 and 38.28 that was broken up at 37.66 transforming into a supporting line.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 38.28 and 42.03 that was broken up at 35.01 transforming into a supporting line.
Long term chart patterns :
8- The Stock formed Double Top Pattern at 42.03.

Conclusion:
T was trading in a bullish wave, which is becoming weaker .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 38.71, 39.76, 42.08, 42.22.
Support Levels: 38.03, 37.88, 37.68, 37.62, 37.09, 36.71, 36.66, 36.48, 36.36, 36.22, 36.00, 35.55, 34.83,.

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AT&T Inc. (T) Technical Analysis

Today we'll analyze the Stock T for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 37.88$ (02/15/08) to 34.83$ (02/29/08) a 3.05$ move
2- The current bullish trend started from 34.83$ at 02/29/08 and is currently trading at 38.48$.

3- The stock current support level is at 37.88 which is the 100.00% fibonacci retracement of the last 3.05$ move.
4- The stock current resistance level is at 38.71 which is the 127.20% fibonacci retracement of the last 3.05$ move.
5- According to ADX, the trend is currently bullish,which is becoming weaker.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 37.88 and 38.28 that was broken up at 37.66 transforming into a supporting line.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 38.28 and 42.03 that was broken up at 35.01 transforming into a supporting line.
Long term chart patterns :
8- The Stock formed Double Top Pattern at 42.03.

Conclusion:
T was trading in a bullish wave, which is becoming weaker .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 38.71, 39.76, 42.08, 42.22.
Support Levels: 38.03, 37.88, 37.68, 37.62, 37.09, 36.71, 36.66, 36.48, 36.36, 36.22, 36.00, 35.55, 34.83,.

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Wells Fargo & Company (WFC) Technical Analysis

Today we'll analyze the Stock WFC for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 32.55$ (03/20/08) to 29.35$ (03/28/08) a 3.20$ move
2- The current bullish trend started from 29.35$ at 03/28/08 and is currently trading at 30.93$.

3- The stock current support level is at 30.57 which is the 38.20% fibonacci retracement of the last 3.20$ move.
4- The stock current resistance level is at 30.95 which is the 50.00% fibonacci retracement of the last 3.20$ move.
5- According to ADX, the trend is currently bullish, which is getting stronger.
Short term chart patterns :
6- The Stock was supported by a support line, identified by two points: 29.35 and 28.11, and is currently supporting at 29.7633.
Mid term chart patterns :
None.
Long term chart patterns :
7- The Stock formed a 8.09$ height triangle.

Conclusion:
WFC was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 30.95, 31.33, 32.55, 33.42, 34.53.
Support Levels: 30.57, 30.56, 30.33, 30.14, 30.11, 29.95, 29.76, 29.35,.

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Vale (ADR) (RIO) Technical Analysis

Today we'll analyze the Stock RIO for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 35.63$ (02/22/08) to 30.83$ (03/20/08) a 4.80$ move
2- The current bullish trend started from 30.83$ at 03/20/08 and is currently trading at 36.67$.

3- The stock current support level is at 35.63 which is the 100.00% fibonacci retracement of the last 4.80$ move.
4- The stock current resistance level is at 36.94 which is the 127.20% fibonacci retracement of the last 4.80$ move.
5- According to ADX, the trend is currently bearish,which is becoming weaker.
Short term chart patterns :
6- The Stock was supported by a support line, identified by two points: 30.83 and 30.35, and is currently supporting at 30.99.
Mid term chart patterns :
7- The Stock formed a 8.79$ height triangle which was broken up at 36.67, target of the pattern is 45.46.
Long term chart patterns :
8- The Stock formed a 8.79$ height triangle which was broken up at 36.67, target of the pattern is 45.46.

Conclusion:
RIO was trading in a bearish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 36.94, 38.60, 45.46,.
Support Levels: 35.63, 35.29, 35.16, 34.44, 33.80, 33.75, 33.23, 33.06, 32.66, 31.96, 30.99, 30.83,.

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Time Warner Inc. (TWX) Technical Analysis

Today we'll analyze the Stock TWX for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 14.89$ (03/25/08) to 13.87$ (03/28/08) a 1.02$ move
2- The current bullish trend started from 13.87$ at 03/28/08 and is currently trading at 14.60$.

3- The stock current support level is at 14.50 which is the 61.80% fibonacci retracement of the last 1.02$ move.
4- The stock current resistance level is at 14.89 which is the 100.00% fibonacci retracement of the last 1.02$ move.
5- According to ADX, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
6- The Stock formed Double Bottom Pattern at 13.87.
7- The Stock formed a 2.73$ height triangle which was broken up at 14.59, target of the pattern is 17.32.
Mid term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 14.89 and 16.64 that was broken up at 14.59 transforming into a supporting line.
Long term chart patterns :
9- The Stock was resisted by a resistance line, identified by two points: 16.64 and 21.62, and is currently resisting at 15.65.

Conclusion:
TWX was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: 14.89, 15.17, 15.52, 15.65, 17.32.
Support Levels: 14.50, 14.43, 14.38, 14.33, 14.32, 14.26, 14.24, 14.15, 14.11, 13.87,.

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Pfizer Inc. (PFE) Technical Analysis

Today we'll analyze the Stock PFE for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 23.26$ (02/01/08) to 20.50$ (03/28/08) a 2.76$ move
2- The current bullish trend started from 20.50$ at 03/28/08 and is currently trading at 21.35$.

3- The stock current support level is at 21.15 which is the 23.60% fibonacci retracement of the last 2.76$ move.
4- The stock current resistance level is at 21.55 which is the 38.20% fibonacci retracement of the last 2.76$ move.
5- According to ADX, the trend is currently bearish, which is getting stronger.
Short term chart patterns :
6- The Stock traded in a bearish channel identifed by support at 20.5 and 22.19, resistance between 23.26 and 23.69, the channel is currently supported from below by 20.331 and resisted from above by 21.97.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 24.06 and 24.92, and is currently resisting at 22.4356.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 24.92 and 26.64, and is currently resisting at 22.4356.

Conclusion:
PFE was trading in a bearish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 21.55, 21.88, 22.21, 22.44, 22.44, 23.26, 24.01, 24.97.
Support Levels: 21.15, 21.15, 21.03, 20.92, 20.82, 20.50,.

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JPMorgan Chase & Co. (JPM) Technical Analysis

Today we'll analyze the Stock JPM for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 45.60$ (03/20/08) to 42.36$ (03/28/08) a 3.24$ move
2- The current bullish trend started from 42.36$ at 03/28/08 and is currently trading at 45.57$.

3- The stock current support level is at 44.36 which is the 61.80% fibonacci retracement of the last 3.24$ move.
4- The stock current resistance level is at 45.60 which is the 100.00% fibonacci retracement of the last 3.24$ move.
5- According to ADX, the trend is currently bullish, which is getting stronger.
Short term chart patterns :
6- The Stock formed a 11.62$ height triangle which was broken up at 45.57, target of the pattern is 57.19.
Mid term chart patterns :
7- The Stock formed a 11.62$ height triangle which was broken up at 45.57, target of the pattern is 57.19.
Long term chart patterns :
None.

Conclusion:
JPM was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 45.60, 46.48, 47.60, 57.19,.
Support Levels: 44.95, 44.81, 44.36, 44.34, 43.98, 43.97, 43.60, 43.59, 43.12, 42.45, 42.36,.

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Wachovia Corporation (WB) Technical Analysis

Today we'll analyze the Stock WB for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 30.72$ (03/20/08) to 25.99$ (03/28/08) a 4.73$ move
2- The current bullish trend started from 25.99$ at 03/28/08 and is currently trading at 27.21$.

3- The stock current support level is at 27.11 which is the 23.60% fibonacci retracement of the last 4.73$ move.
4- The stock current resistance level is at 27.80 which is the 38.20% fibonacci retracement of the last 4.73$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 30.72 and 38.05, and is currently resisting at 28.6257.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 30.72 and 38.05, and is currently resisting at 28.6257.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 30.72 and 38.05, and is currently resisting at 28.6257.

Conclusion:
WB was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 27.80, 28.35, 28.63, 28.91, 30.72, 32.01, 33.64.
Support Levels: 27.11, 26.92, 26.74, 26.60, 26.46, 25.99,.

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General Electric Company (GE) Technical Analysis

Today we'll analyze the Stock GE for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 35.83$ (02/01/08) to 32.23$ (03/07/08) a 3.60$ move
2- The current bullish trend started from 32.23$ at 03/07/08 and is currently trading at 37.56$.

3- The stock current support level is at 36.81 which is the 127.20% fibonacci retracement of the last 3.60$ move.
4- The stock current resistance level is at 38.05 which is the 161.80% fibonacci retracement of the last 3.60$ move.
5- According to ADX, the trend is currently strong bullish,which is becoming weaker.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 35.83 and 41.04 that was broken up at 37.49 transforming into a supporting line.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 35.83 and 41.04 that was broken up at 37.49 transforming into a supporting line.
Long term chart patterns :
8- The Stock was supported by a support line, identified by two points: 32.23 and 30.43, and is currently supporting at 32.3137.

Conclusion:
GE was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 38.05.
Support Levels: 36.81, 36.30, 35.83, 35.52, 34.90, 34.45, 34.27, 34.03, 33.61, 33.33, 33.29, 33.08, 33.07, 32.31, 32.23,.

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Merck & Co., Inc. (MRK) Technical Analysis

Today we'll analyze the Stock MRK for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 40.97$ (03/14/08) to 44.51$ (03/28/08) a 3.54$ move
2- The current bearish trend started from 44.51$ at 03/28/08 and is currently trading at 40.00$.

3- The stock current support level is at 38.78 which is the 161.80% fibonacci retracement of the last 3.54$ move.
4- The stock current resistance level is at 40.01 which is the 127.20% fibonacci retracement of the last 3.54$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 44.51 and 47.12, and is currently resisting at 44.075.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 44.51 and 47.12, and is currently resisting at 44.075.
Long term chart patterns :
None.

Conclusion:
MRK was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 40.01, 40.97, 41.06, 41.72, 42.25, 42.32, 42.74, 42.79, 43.16, 43.67, 44.07, 44.51, 59.97.
Support Levels: .

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Bank of America Corporation (BAC) Technical Analysis

Today we'll analyze the Stock BAC for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 41.86$ (03/20/08) to 38.07$ (03/28/08) a 3.79$ move
2- The current bullish trend started from 38.07$ at 03/28/08 and is currently trading at 39.41$.

3- The stock current support level is at 38.96 which is the 23.60% fibonacci retracement of the last 3.79$ move.
4- The stock current resistance level is at 39.52 which is the 38.20% fibonacci retracement of the last 3.79$ move.
5- According to ADX, the trend is currently strong bearish,which is becoming weaker.
6- Bullish Divergance in MACD.
Short term chart patterns :
7- The Stock formed a 8.6$ height triangle.
Mid term chart patterns :
8- The Stock formed a 8.91$ height triangle.
Long term chart patterns :
9- The Stock formed a 8.91$ height triangle.

Conclusion:
BAC was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 39.52, 39.97, 40.41, 41.86, 42.89, 44.20.
Support Levels: 39.09, 38.96, 38.90, 38.74, 38.58, 38.07,.

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EMC Corporation (EMC) Technical Analysis

Today we'll analyze the Stock EMC for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 16.98$ (01/18/08) to 14.30$ (03/28/08) a 2.68$ move
2- The current bullish trend started from 14.30$ at 03/28/08 and is currently trading at 14.98$.

3- The stock current support level is at 14.93 which is the 23.60% fibonacci retracement of the last 2.68$ move.
4- The stock current resistance level is at 15.32 which is the 38.20% fibonacci retracement of the last 2.68$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 16.98 and 19.55 that was broken up at 15.9 transforming into a supporting line.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 16.98 and 24.55 that was broken up at 16.72 transforming into a supporting line.
Long term chart patterns :
8- The Stock was supported by a support line, identified by two points: 12.99 and 9.83 that was broken down at 16.72 transforming into a resistance line.

Conclusion:
EMC was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 15.32, 15.64, 15.96, 16.98, 17.71, 17.96, 18.64.
Support Levels: 14.93, 14.82, 14.72, 14.64, 14.56, 14.30, 12.27,.

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National City Corporation (NCC) Technical Analysis

Today we'll analyze the Stock NCC for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 16.25$ (02/08/08) to 16.85$ (02/22/08) a 0.60$ move
2- The current bearish trend started from 16.85$ at 02/22/08 and is currently trading at 8.99$.

3- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
4- The Stock formed a 3.65$ height triangle which was broken down at 16.42, target of the pattern is 12.77.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 17.98 and 25.95, and is currently resisting at 13.7606.
Long term chart patterns :
6- The Stock traded in a bearish channel identifed by support at 14.29 and 26.4, resistance between 17.98 and 28.79, the channel is currently supported from below by 7.13409 and resisted from above by 13.9262.

Conclusion:
NCC was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy .

Resistance Levels: 10.84, 11.99, 12.92, 13.76, 13.85, 16.85, 21.37, 36.05, 36.19.
Support Levels: .

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UltraShort QQQ ProShares (ETF) (QID) Technical Analysis

Today we'll analyze the Stock QID for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 46.75$ (02/01/08) to 55.16$ (03/07/08) a 8.41$ move
2- The current bearish trend started from 55.16$ at 03/07/08 and is currently trading at 45.19$.

3- The stock current support level is at 44.46 which is the 127.20% fibonacci retracement of the last 8.41$ move.
4- The stock current resistance level is at 46.75 which is the 100.00% fibonacci retracement of the last 8.41$ move.
5- According to ADX, the trend is currently strong bullish, which is getting stronger.
Short term chart patterns :
6- The Stock was supported by a support line, identified by two points: 46.75 and 36.74 that was broken down at 54.34 transforming into a resistance line.
Mid term chart patterns :
7- The Stock was supported by a support line, identified by two points: 46.75 and 36.19 that was broken down at 54.34 transforming into a resistance line.
Long term chart patterns :
8- The Stock was supported by a support line, identified by two points: 36.19 and 34.1, and is currently supporting at 43.296.

Conclusion:
QID was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy .

Resistance Levels: 46.75, 47.54, 49.00, 49.96, 50.17, 50.96, 51.35, 51.95, 53.18, 55.16, 58.63, 61.76.
Support Levels: 44.46, 43.30,.

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Qwest Communications International Inc. (Q) Technical Analysis

Today we'll analyze the Stock Q for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 4.62$ (03/14/08) to 4.82$ (03/20/08) a 0.20$ move
2- The current bearish trend started from 4.82$ at 03/20/08 and is currently trading at 4.54$.

3- The stock current support level is at 4.50 which is the 161.80% fibonacci retracement of the last 0.20$ move.
4- The stock current resistance level is at 4.57 which is the 127.20% fibonacci retracement of the last 0.20$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 4.82 and 5.45, and is currently resisting at 4.568.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 5.45 and 5.86 that was broken up at 4.82 transforming into a supporting line.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 5.86 and 7.11 that was broken up at 5.45 transforming into a supporting line.

Conclusion:
Q was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 4.57, 4.57, 4.61, 4.62, 4.65, 4.68, 4.70, 4.71, 4.72, 4.74, 4.77, 4.82,.
Support Levels: 4.50, 4.01,.

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Schering-Plough Corporation (SGP) Technical Analysis

Today we'll analyze the Stock SGP for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 18.76$ (03/14/08) to 20.57$ (03/20/08) a 1.81$ move
2- The current bearish trend started from 20.57$ at 03/20/08 and is currently trading at 16.12$.

3- According to ADX, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 20.57 and 21.85, and is currently resisting at 20.058.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 20.57 and 21.85, and is currently resisting at 20.058.
Long term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 20.57 and 21.85, and is currently resisting at 20.058.

Conclusion:
SGP was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: 17.17, 17.82, 18.35, 18.87, 20.06, 20.57.
Support Levels: .

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Ford Motor Company (F) Technical Analysis

Today we'll analyze the Stock F for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 6.53$ (02/29/08) to 5.29$ (03/14/08) a 1.24$ move
2- The current bullish trend started from 5.29$ at 03/14/08 and is currently trading at 6.49$.

3- The stock current support level is at 6.06 which is the 61.80% fibonacci retracement of the last 1.24$ move.
4- The stock current resistance level is at 6.53 which is the 100.00% fibonacci retracement of the last 1.24$ move.
5- According to ADX, the trend is currently bearish, which is getting stronger.
Short term chart patterns :
None.
Mid term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 6.53 and 6.85 that was broken up at 6.49 transforming into a supporting line.
Long term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 6.85 and 9.2 that was broken up at 6.49 transforming into a supporting line.

Conclusion:
F was trading in a bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 6.53, 6.87, 7.30, 8.73.
Support Levels: 6.21, 6.13, 6.06, 6.03, 5.91, 5.89, 5.76, 5.75, 5.58, 5.53, 5.29,.

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Washington Mutual, Inc.(WM) Technical Analysis

Today we'll analyze the Stock WM for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 10.59$ (03/14/08) to 11.70$ (03/20/08) a 1.11$ move
2- The current bearish trend started from 11.70$ at 03/20/08 and is currently trading at 10.17$.

3- The stock current support level is at 9.90 which is the 161.80% fibonacci retracement of the last 1.11$ move.
4- The stock current resistance level is at 10.29 which is the 127.20% fibonacci retracement of the last 1.11$ move.
5- According to ADX, the trend is currently strong bearish,which is becoming weaker.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 11.7 and 21.82 that was broken up at 10.17 transforming into a supporting line.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 11.7 and 21.82 that was broken up at 10.17 transforming into a supporting line.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 11.7 and 21.82 that was broken up at 10.17 transforming into a supporting line.

Conclusion:
WM was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 10.29, 10.53, 10.59, 10.75, 10.93, 11.01, 11.12, 11.15, 11.28, 11.44, 11.70,.
Support Levels: 9.90, 8.81,.

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Citigroup Inc. (C) Technical Analysis

Today we'll analyze the Stock C for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 22.50$ (03/20/08) to 20.83$ (03/28/08) a 1.67$ move
2- The current bullish trend started from 20.83$ at 03/28/08 and is currently trading at 24.08$.

3- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
4- The Stock formed a 9.91$ height triangle which was broken up at 24.08, target of the pattern is 33.99.
Mid term chart patterns :
5- The Stock formed a 9.91$ height triangle which was broken up at 24.08, target of the pattern is 33.99.
Long term chart patterns :
6- The Stock traded in a bearish channel identifed by support at 19.78 and 24.17, resistance between 29.69 and 53.17 which was broken up at 24.08.

Conclusion:
C was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 33.99,.
Support Levels: 23.82, 23.31, 22.84, 22.45, 22.07, 20.83, 20.45,.

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Financial Select Sector SPDR (ETF) (XLF) Technical Analysis

Today we'll analyze the Stock XLF for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 26.32$ (03/20/08) to 24.65$ (03/28/08) a 1.67$ move
2- The current bullish trend started from 24.65$ at 03/28/08 and is currently trading at 26.36$.

3- The stock current support level is at 26.32 which is the 100.00% fibonacci retracement of the last 1.67$ move.
4- The stock current resistance level is at 26.77 which is the 127.20% fibonacci retracement of the last 1.67$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
6- The Stock formed a 5.63$ height triangle which was broken up at 26.36, target of the pattern is 31.99.
Mid term chart patterns :
7- The Stock formed a 5.63$ height triangle which was broken up at 26.36, target of the pattern is 31.99.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 29.44 and 35.28 that was broken up at 26.36 transforming into a supporting line.

Conclusion:
XLF was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 26.77, 27.35, 31.94, 31.99,.
Support Levels: 26.35, 26.32, 25.96, 25.71, 25.68, 25.51, 25.49, 25.43, 25.30, 25.29, 25.04, 24.65,.

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SPDR Trust, Series 1 (SPY) Technical Analysis

Today we'll analyze the Stock SPY for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 138.89$ (02/01/08) to 128.97$ (03/14/08) a 9.92$ move
2- The current bullish trend started from 128.97$ at 03/14/08 and is currently trading at 136.89$.

3- The stock current support level is at 135.10 which is the 61.80% fibonacci retracement of the last 9.92$ move.
4- The stock current resistance level is at 138.89 which is the 100.00% fibonacci retracement of the last 9.92$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 138.89 and 149.37 that was broken up at 132.08 transforming into a supporting line.
Mid term chart patterns :
None.
Long term chart patterns :
7- The Stock was supported by a support line, identified by two points: 76.25 and 73.59, and is currently supporting at 108.291.

Conclusion:
SPY was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 138.89, 141.59, 145.02.
Support Levels: 135.10, 135.02, 133.93, 133.86, 132.93, 132.76, 132.00, 131.31, 128.97, 127.10,.

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Limited Brands, Inc. (LTD) Technical Analysis

Today we'll analyze the Stock LTD for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 19.17$ (02/01/08) to 14.51$ (03/07/08) a 4.66$ move
2- The current bullish trend started from 14.51$ at 03/07/08 and is currently trading at 18.18$.

3- The stock current support level is at 17.39 which is the 61.80% fibonacci retracement of the last 4.66$ move.
4- The stock current resistance level is at 19.17 which is the 100.00% fibonacci retracement of the last 4.66$ move.
5- According to ADX, the trend is currently strong bearish,which is becoming weaker.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 19.17 and 20.64 that was broken up at 18.18 transforming into a supporting line.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 19.17 and 20.64 that was broken up at 18.18 transforming into a supporting line.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 19.17 and 20.64 that was broken up at 18.18 transforming into a supporting line.

Conclusion:
LTD was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 19.17, 20.44, 22.05.
Support Levels: 17.52, 17.39, 17.31, 16.84, 16.78, 16.35, 16.29, 15.91, 15.61, 14.51,.

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Jabil Circuit, Inc. (JBL) Technical Analysis

Today we'll analyze the Stock JBL for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 14.40$ (02/15/08) to 9.21$ (03/28/08) a 5.19$ move
2- The current bullish trend started from 9.21$ at 03/28/08 and is currently trading at 9.98$.

3- The stock current support level is at 9.21 which is the 0.00% fibonacci retracement of the last 5.19$ move.
4- The stock current resistance level is at 10.43 which is the 23.60% fibonacci retracement of the last 5.19$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
6- The Stock formed Double Top Pattern at 14.4.
Mid term chart patterns :
7- The Stock formed Double Top Pattern at 14.4.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 14.4 and 24.53, and is currently resisting at 11.0233.

Conclusion:
JBL was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy .

Resistance Levels: 10.43, 11.02, 11.19, 11.81, 12.42, 14.40, 14.43, 15.81, 17.61.
Support Levels: 9.80, 9.69, 9.59, 9.50, 9.21,.

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Washington Mutual, Inc. (WM) Technical Analysis

Today we'll analyze the Stock WM for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 10.59$ (03/14/08) to 11.70$ (03/20/08) a 1.11$ move
2- The current bearish trend started from 11.70$ at 03/20/08 and is currently trading at 10.17$.

3- The stock current support level is at 9.90 which is the 161.80% fibonacci retracement of the last 1.11$ move.
4- The stock current resistance level is at 10.29 which is the 127.20% fibonacci retracement of the last 1.11$ move.
5- According to ADX, the trend is currently strong bearish,which is becoming weaker.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 11.7 and 21.82 that was broken up at 10.17 transforming into a supporting line.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 11.7 and 21.82 that was broken up at 10.17 transforming into a supporting line.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 11.7 and 21.82 that was broken up at 10.17 transforming into a supporting line.

Conclusion:
WM was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 10.29, 10.53, 10.59, 10.75, 10.93, 11.01, 11.12, 11.15, 11.28, 11.44, 11.70,.
Support Levels: 9.90, 8.81,.

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Novartis AG (ADR) (NVS) Technical Analysis

Today we'll analyze the Stock NVS for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 49.15$ (02/29/08) to 47.05$ (03/14/08) a 2.10$ move
2- The current bullish trend started from 47.05$ at 03/14/08 and is currently trading at 52.12$.

3- According to ADX, the trend is currently bullish, which is getting stronger.
Short term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 49.15 and 56.27 that was broken up at 49.05 transforming into a supporting line.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 56.27 and 57.31, and is currently resisting at 55.9327.
Long term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 56.27 and 57.31, and is currently resisting at 55.9327.

Conclusion:
NVS was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 55.93,.
Support Levels: 50.92, 50.18, 49.58, 48.99, 47.05,.

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ITT Corporation (ITT) Technical Analysis

Today we'll analyze the Stock ITT for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 59.98$ (02/01/08) to 51.67$ (03/28/08) a 8.31$ move
2- The current bullish trend started from 51.67$ at 03/28/08 and is currently trading at 54.72$.

3- The stock current support level is at 53.63 which is the 23.60% fibonacci retracement of the last 8.31$ move.
4- The stock current resistance level is at 54.84 which is the 38.20% fibonacci retracement of the last 8.31$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 59.98 and 66.01 that was broken up at 56.06 transforming into a supporting line.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 59.98 and 66.01 that was broken up at 56.06 transforming into a supporting line.
Long term chart patterns :
8- The Stock formed a 24.76$ height triangle which was broken down at 63.62 in higher than usual volume, target of the pattern is 38.86.

Conclusion:
ITT was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 54.84, 55.82, 56.81, 59.98, 62.24, 65.12, 66.38, 68.74.
Support Levels: 54.00, 53.63, 53.55, 53.19, 52.84, 51.67, 49.13,.

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Accelerated Return Notes Linked to the PHLX Gold & Silver Index (GGW) Technical Analysis

Today we'll analyze the Stock GGW for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 10.59$ (03/26/08) to 10.05$ (04/01/08) a 0.54$ move
2- The current bullish trend started from 10.05$ at 04/01/08 and is currently trading at 10.65$.

3- The stock current support level is at 10.59 which is the 100.00% fibonacci retracement of the last 0.54$ move.
4- The stock current resistance level is at 10.74 which is the 127.20% fibonacci retracement of the last 0.54$ move.
5- According to ADX, the trend is currently bullish,which is becoming weaker.
Short term chart patterns :
6- The Stock formed a 1.65$ height triangle which was broken up at 10.29, target of the pattern is 11.94.
Mid term chart patterns :
7- The Stock was supported by a support line, identified by two points: 9.9 and 9.8, and is currently supporting at 9.92195.
Long term chart patterns :
None.

Conclusion:
GGW was trading in a bullish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 10.74, 10.92, 11.94.
Support Levels: 10.59, 10.51, 10.42, 10.38, 10.35, 10.32, 10.28, 10.26, 10.18, 10.05, 9.92, 9.80,.

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Graham Corporation (GHM) Technical Analysis

Today we'll analyze the Stock GHM for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 38.45$ (02/29/08) to 34.50$ (03/20/08) a 3.95$ move
2- The current bullish trend started from 34.50$ at 03/20/08 and is currently trading at 48.79$.

3- According to ADX, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
4- The Stock formed a 10.64$ height triangle which was broken up at 48.79 in higher than usual volume, target of the pattern is 59.43.
Mid term chart patterns :
5- The Stock formed a 10.64$ height triangle which was broken up at 48.79 in higher than usual volume, target of the pattern is 59.43.
Long term chart patterns :
6- The Stock formed a 10.64$ height triangle which was broken up at 48.79 in higher than usual volume, target of the pattern is 59.43.

Conclusion:
GHM was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: 59.43,.
Support Levels: 45.42, 43.33, 41.65, 39.96, 34.50, 34.29,.

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Australia and New Zealand Banking (ADR) (ANZBY) Technical Analysis

Today we'll analyze the Stock ANZBY for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 123.65$ (02/01/08) to 93.54$ (03/07/08) a 30.11$ move
2- The current bullish trend started from 93.54$ at 03/07/08 and is currently trading at 108.90$.

3- The stock current support level is at 108.60 which is the 50.00% fibonacci retracement of the last 30.11$ move.
4- The stock current resistance level is at 112.15 which is the 61.80% fibonacci retracement of the last 30.11$ move.
5- According to ADX, the trend is currently strong bearish,which is becoming weaker.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 123.65 and 126.75, and is currently resisting at 120.55.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 123.65 and 138.99, and is currently resisting at 115.021.
Long term chart patterns :
None.

Conclusion:
ANZBY was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 112.15, 115.02, 120.55, 123.65, 131.84, 142.26.
Support Levels: 108.60, 105.28, 105.04, 103.03, 101.22, 100.65, 99.41, 93.54,.

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VANGUARD MINERALS CORP (VNGM) Technical Analysis

Today we'll analyze the Stock VNGM for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 0.20$ (02/22/08) to 0.10$ (03/07/08) a 0.10$ move
2- The current bullish trend started from 0.10$ at 03/07/08 and is currently trading at 0.60$.

3- According to ADX, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 0.2 and 0.64 that was broken up at 0.18 transforming into a supporting line.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 0.2 and 0.64 that was broken up at 0.18 transforming into a supporting line.
Long term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 0.2 and 0.64 that was broken up at 0.18 transforming into a supporting line.

Conclusion:
VNGM was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: .
Support Levels: 0.500, 0.482, 0.409, 0.350, 0.291, 0.100, -0.040,.

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Hybrid Technologies Inc. (HYBR) Technical Analysis

Today we'll analyze the Stock HYBR for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 5.10$ (02/01/08) to 2.05$ (02/29/08) a 3.05$ move
2- The current bullish trend started from 2.05$ at 02/29/08 and is currently trading at 4.32$.

3- The stock current support level is at 3.93 which is the 61.80% fibonacci retracement of the last 3.05$ move.
4- The stock current resistance level is at 5.10 which is the 100.00% fibonacci retracement of the last 3.05$ move.
5- According to ADX, the trend is currently strong bearish, which is getting stronger.
6- Bullish Divergance in MACD.
Short term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 5.1 and 16.1 that was broken up at 2.05 transforming into a supporting line.
Mid term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 5.1 and 17.71 that was broken up at 2.05 transforming into a supporting line.
Long term chart patterns :
9- The Stock was resisted by a resistance line, identified by two points: 5.1 and 17.71 that was broken up at 2.05 transforming into a supporting line.

Conclusion:
HYBR was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 5.10, 5.93, 6.98, 21.56.
Support Levels: 3.93, 3.78, 3.57, 3.45, 3.22, 3.18, 2.92, 2.77, 2.05, -2.11,.

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Ever-Glory International Group, Inc. (EVGY) Technical Analysis

Today we'll analyze the Stock EVGY for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 3.38$ (03/14/08) to 3.20$ (03/28/08) a 0.18$ move
2- The current bullish trend started from 3.20$ at 03/28/08 and is currently trading at 4.60$.

3- According to ADX, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
4- The Stock was supported by a support line, identified by two points: 3.2 and 2.8, and is currently supporting at 3.28.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 3.3 and 3.6 that was broken up at 2.93 transforming into a supporting line.
Long term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 3.3 and 3.6 that was broken up at 2.93 transforming into a supporting line.

Conclusion:
EVGY was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: 5.00.
Support Levels: 4.27, 4.07, 3.90, 3.73, 3.40, 3.28, 3.20, 2.90, 2.40,.

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Taubman Centers, Inc. (TCO) Technical Analysis

Today we'll analyze the Stock TCO for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 54.50$ (03/20/08) to 51.12$ (03/28/08) a 3.38$ move
2- The current bullish trend started from 51.12$ at 03/28/08 and is currently trading at 55.76$.

3- The stock current support level is at 55.42 which is the 127.20% fibonacci retracement of the last 3.38$ move.
4- The stock current resistance level is at 56.59 which is the 161.80% fibonacci retracement of the last 3.38$ move.
5- According to ADX, the trend is currently bullish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
6- The Stock was supported by a support line, identified by two points: 51.12 and 47.74, and is currently supporting at 52.81.
Mid term chart patterns :
7- The Stock was supported by a support line, identified by two points: 51.12 and 47.74, and is currently supporting at 52.81.
Long term chart patterns :
8- The Stock was resisted by a resistance line, identified by two points: 59.42 and 60.34, and is currently resisting at 58.6951.

Conclusion:
TCO was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: 56.59, 58.70.
Support Levels: 55.42, 54.66, 54.50, 53.99, 53.44, 53.21, 52.89, 52.81, 52.41, 51.92, 51.12,.

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Northstar Neuroscience, Inc. (NSTR) Technical Analysis

Today we'll analyze the Stock NSTR for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 1.61$ (02/08/08) to 1.53$ (03/20/08) a 0.08$ move
2- The current bullish trend started from 1.53$ at 03/20/08 and is currently trading at 1.90$.

3- According to ADX, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
4- The Stock formed a 8.27$ height triangle which was broken up at 1.57, target of the pattern is 9.84.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 9.62 and 12.99, and is currently resisting at 3.30125.
Long term chart patterns :
None.

Conclusion:
NSTR was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: 3.30, 9.84.
Support Levels: 1.81, 1.76, 1.71, 1.67, 1.53,.

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