Stock Market Funding

[SMF Trading]

Monday will certainly be interesting as we have broke key levels of support across the board on every major indices. We will see if we can get some buying on these levels below. The markets have formed major sell signals for techincial buyers.

NASDAQ

2451 is the August closing low

2386 is the August intraday low

2379 from the October 2006 peak

S&P 500

Support:

1406 is the August and November 2007 closing low

1403 is a longer term trendline from the August 2003 and September 2004 lows

1374 is the March 2007 closing low

DOW

Support:

12,786 is the February 2007 peak

12,743 is the November low

12,518 is the August intraday low