Dow Jones Technical Analysis 8/25/08 - Dow Jones Industrial Average Analysis August 25th, 2008

The last time I reported on the Dow we were around that key 11,400 level I talked about several times. Recently we have closed below and shot back up through this level. The low on the Dow last week was around 11,300 and I strongly believe this will hold. I am now looking for the Dow Jones to break an important resistance level of 11,698.

Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.