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Editor’s note: this column was originally published on Capital Essence’s CEM News on October 17, 2007. It’s being republished as a bonus for the loyal readers. For more information about subscribing to CEM News, please click here.

這是Capital Essence對2007年10月18日 (週四) 的市場技術分析。

如前所料，在JP摩根大通(JPM)、雅虎(YHOO)以及其他公司財報超出華爾街預期之後，股市週三上午上演精彩反彈。但是買方興趣很快消退，股市在全面的回落中跌入負面區間。原因是土耳其議會批准其軍隊襲擊伊拉克的報道發出之後，油價又一次漲到了89元。

技術面來看，昨天的看跌反轉為原油指數的短期盤整創造了條件。跌破86.95將確認這一點。支撐位約為84-81點。

來看主要股指：

上面是標普500指數的短期日線圖。該指數考驗並守在了短期移動平均線的支撐位上方。如果歷史可以借鑒，10月份的高點應該不久會重新受到考驗。支撐位約為1520點。阻力位為近期高點，約1576點。

上面是道指的短期日線圖。和標普500指數相似，該指數同樣考驗並守住了短期移動平均線的支撐位。同樣，這令人鼓舞。支撐位約為13750點。阻力位為近期高點，約14200點。

總結：只要大盤能夠守在昨天的低點之上，姑且認為多頭仍佔據主動。

(本文作者：Michelle Mai)

注﹕Michelle Mai為Capital Essence(錢途集團)撰寫技術分析﹐並為包括市場趨勢在內的數份金融市場投資通訊的首席市場策略師。如欲每日盤前收到更多最新分析, 敬請訂閱。

Editor’s note: this column was originally published on Capital Essence’s CEM News on October 17, 2007. It’s being republished as a bonus for the loyal readers. For more information about subscribing to CEM News, please click here.

Good Morning. This is Capital Essence’s “Market Outlook” (the technical analysis of financial markets) for Thursday October 18, 2007.

As expected, stocks staged a nice rally Wednesday morning after key earnings reports from JPMorgan Chase & Co. (JPM), Yahoo Inc. (YHOO) and other companies topped Wall Street forecasts. However, buying interest was soon faded and the market dipped into negative territory in a broad-based retreat amid another jump in oil prices to $89.00 per barrel, which followed the report that the Turkish Assembly backed a possible incursion into Iraq.

Today bearish reversal bar had, technically, set the stage for a short-term correction. A decline to below 86.95 will confirm this. Support is about 84-81.

Let’s take a look at the major indices:

The S&P 500 Index (daily) chart above addresses a short-term time frame. The index tested and held above support at the area of short-term moving average. This is encouraging. If history is any guidance, a retest of October’s high should follow shortly. Support is about 1520. Resistant is at recent high about 1576.

The Dow Jones Industrial Average (daily) chart above addresses a short-term time frame. Similar to the S&P 500, the blue-chips had also tested and held above support at the area of short-term moving average. Again, this is encouraging. Support is about 13750. Resistant is at recent high about 14200.

Bottom line: as long as the market holds above today’s low, the bulls should be given the benefit of the doubts.

Until next time, good luck!

(By: Michelle Mai for Capital Essence)

Note: Michelle Mai writes technical analysis for Capital Essence and is the editor of Capital Essence’s “Market Outlook” newsletter. To receive the daily edition, please subscribe. It’s now available at a monthly rate.