Today we will analyze the index PHLX THESTREET.COM INTERNET SEC USA (DOT) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in PHLX THESTREET.COM INTERNET SEC USA (DOT)
1- Last bearish trend was from 181.65 $ (12/16/2008) to 172.15 $ (12/29/2008) a 9.50 $ move 2- The current bullish trend started from 172.15 $ at 12/29/2008 and is currently trading at 179.71 $.
3- DOT current support level is at 178.02 which is the 61.80 % fibonacci retracement of the last 9.50 $ move.
4- DOT current resistance level is at 181.65 which is the 100.00 % fibonacci retracement of the last 9.50 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PHLX THESTREET.COM INTERNET SEC USA (DOT) Short term stock chart patterns for internet stock trading :

6- The Index formed Double Bottom Pattern at 172.150 .
PHLX THESTREET.COM INTERNET SEC USA (DOT) Mid term stock chart patterns for internet stock trading :

7- The Index formed a 26.240 $ height triangle which was broken up at 175.910, target of the pattern is 202.150 which was broken down at 180.560, target of the pattern is 154.320.
PHLX THESTREET.COM INTERNET SEC USA (DOT) Long term stock chart patterns for internet stock trading :

8- The Index was resisted by a resistance line, identified by two points: 194.240 and 203.180 that was broken up at 177.080 transforming into a supporting line.

Stock Trading Conclusion:
PHLX THESTREET.COM INTERNET SEC USA (DOT) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 181.65, 184.23, 187.52, 202.15, 436.69.
Stock Support levels : 179.68, 178.02, 177.93, 176.90, 176.82, 175.93, 175.78, 175.04, 174.39, 172.15, 154.32, 147.63,.