Today we will analyze the index NASDAQ Computer USA (IXK) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in NASDAQ Computer USA (IXK)
1- Last bullish trend was from 1,610.22 $ (4/24/2012) to 1,674.27 $ (4/26/2012) a 64.05 $ move 2- The current bearish trend started from 1,674.27 $ at 4/26/2012 and is currently trading at 1,594.47 $.
3- IXK current support level is at 1,592.80 which is the 127.20 % fibonacci retracement of the last 64.05 $ move.
4- IXK current resistance level is at 1,610.22 which is the 100.00 % fibonacci retracement of the last 64.05 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NASDAQ Computer USA (IXK) Short term stock chart patterns for internet stock trading :

6- The Index formed a 385.430 $ height triangle which was broken down at 1,604.760, target of the pattern is 1,219.330.
NASDAQ Computer USA (IXK) Mid term stock chart patterns for internet stock trading :

7- The Index was supported by a support line, identified by two points: 1,296.660 and 1,248.190, and is currently supporting at 1,440.795.
NASDAQ Computer USA (IXK) Long term stock chart patterns for internet stock trading :

8- The Index was supported by a support line, identified by two points: 1,296.660 and 1,248.190, and is currently supporting at 1,440.795.

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

Stock Resistance Levels : 1,610.22, 1,613.30, 1,624.95, 1,634.37, 1,634.69, 1,642.24, 1,643.79, 1,644.76, 1,649.80, 1,659.15, 1,674.27,.
Stock Support levels : 1,592.80, 1,570.64, 1,440.79,.