FREE Weekly Stock Market Analysis

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Date: Tue, 22 Mar 2005 03:58:08 -0800

This Week - Monday March 22th - Current Market Analysis

Markets Continue Sell-off, Higher Oil Prices Partly To Blame

The markets cycled down last week based on normal technicals, the drop exacerbated by the price of crude oil. As you can see from the weekly charts the markets breached their uptrending support lines.

The DOW has near-term SUPPORT at 10,575. The S&P at 1,180. The Nasdaq next level of support is 1,985.

Although diverging somewhat, all 3 markets are above their 200-Day moving.


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