Today we’ll analyze the stock Yahoo Inc (YHOO) for online market trading,
Technical indicators to notice in Yahoo Inc (YHOO)
1- Last bullish trend was from 25.26$ (5/12/2008) to 27.75$ (5/15/2008) a 2.49$ move
2- The current bearish trend started from 27.75$ at 5/15/2008 and is currently trading at 22.73$.

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.
Yahoo Inc (YHOO) Short term chart patterns :

4- The Stock was supported by a support line, identified by two points: 25.26 and 24.37 that was broken down at 27 transforming into a resistance line.
Yahoo Inc (YHOO) Mid term chart patterns :

5- The Stock was resisted by a resistance line, identified by two points: 27.75 and 28.67, and is currently resisting at 25.2967.
Yahoo Inc (YHOO) Long term chart patterns :

6- The Stock traded in a bearish channel identifed by support at 24.37 and 25.85, resistance between 27.75 and 28.99 which was broken down at 22.91.

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

Resistance Levels: 22.98, 23.91, 24.09, 24.65, 25.24, 25.30, 25.83, 26.80, 27.75, 28.68, 28.97, 30.07, 31.65, 32.09, 33.12, 33.22, 33.33, 34.12, 35.54, 37.68, 38.17, 42.22, 47.85.
Support Levels: 17.54, 14.97, 14.88, 11.49, 8.89, 8.85, 8.82, 8.14, 8.10, 7.46, 7.25, 7.22,.

Today we’ll analyze the stock Microsoft (MSFT) for online market trading,
Technical indicators to notice in Microsoft (MSFT)
1- Last bearish trend was from 28.30$ (6/5/2008) to 27.12$ (6/11/2008) a 1.18$ move
2- The current bullish trend started from 27.12$ at 6/11/2008 and is currently trading at 28.93$.

3- MSFT current support level is at 28.62 which is the 127.20% fibonacci retracement of the last 1.18$ move.
4- MSFT current resistance level is at 29.03 which is the 161.80% fibonacci retracement of the last 1.18$ move.
5- According to ADX, the trend is currently bullish, which is getting stronger.
Microsoft (MSFT) Short term chart patterns :

6- The Stock was resisted by a resistance line, identified by two points: 28.3 and 30.45 that was broken up at 28.24 transforming into a supporting line.
Microsoft (MSFT) Mid term chart patterns :

7- The Stock was resisted by a resistance line, identified by two points: 30.45 and 31.68 that was broken up at 28.93 transforming into a supporting line.
Microsoft (MSFT) Long term chart patterns :

8- The Stock was resisted by a resistance line, identified by two points: 31.68 and 36.33, and is currently resisting at 29.4684.

Conclusion:
Microsoft (MSFT) 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: 29.03, 29.17, 29.44, 29.45, 29.47, 30.24, 37.65.
Support Levels: 28.79, 28.62, 28.50, 28.48, 28.30, 28.24, 28.14, 28.03, 28.00, 27.99, 27.85, 27.84, 27.81, 27.77, 27.71, 27.69, 27.57, 27.40, 27.12, 26.76, 26.55, 25.62, 25.55, 25.48, 25.24, 24.51, 24.15, 24.09, 23.02, 23.00, 22.99, 22.97, 22.96, 22.94, 22.93, 22.91, 22.90, 22.77, 21.79, 21.20, 20.52, 20.51, 20.50, 18.54,.