Replies to post #4227 on Abet Chichi2 (Chichi2)

[chichi2]

Shread TA: Market Wobbles, acNov14
By Paul Shread


While the VIX (first chart below, the options volatility index) had a nice spike up today, the equity put-call ratio showed no fear, clocking in at a very complacent .54.
http://www.cboe.com/MktData/default.asp

That alone suggests more downside for the market.

The Nasdaq (second chart) has support at 1923, 1915-1920 and 1900, and 1940, 1950, 1967-1971 and 1992-2000 are resistance. The S&P (second chart) has major support at 1040-1043, and resistance at 1064 and 1068-1070. The Dow (third chart) has major support at 9700-9750, and resistance is 9892-9900 and 10,008.

http://stocks.internetnews.com/article.php/3109601