InternetTechnical Analysis: Bulls Get Tested

The major indexes appear headed for their first big test since the rally began last week.

After struggling at their downtrend lines the last few days, the major indexes appear headed for their first big test since the rally began last week. Part of the problem for the bulls here is the lack of buying pressure that could cement a low. Without that, volatility, including a retest of the lows, remains a possibility. The Nasdaq (first chart below) managed to clear its June downtrend line before giving it back the last two days. The next support levels are 2250 and 2200, and 2280 is major resistance if the bulls can turn it around tomorrow. The S&P (second chart) managed... [ Read more on www.internetnews.com ]

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InternetBSkyB signs Universal for online music service (Reuters)

Reuters - Britain's largest pay-TV firm BSkyB is to launch an online subscription music service and has signed the world's largest music group Universal as its first partner, in a deal that could challenge Apple.