The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/18/08
Dow Jones Support & Resistance Levels - December 18, 2008
Resistance Levels: 9000, 9200, 9654
Support Levels: 8750, 8500
http://stockcharts.com - Chart
The Dow Jones failed to break strong resistance at 9000 today but is still trending 100 points above the 50 day moving average which is bullish. The 10 day is getting ready to cross the 50, another bullish indicator. Breaking and closing over Dow 9000 will not be an easy task, but like 1600 on the Nasdaq, if the Dow Jones can do this, there could be a significant move to the upside. Resistance for the Dow after 9000 would be the 9200 level and 9654 level. Support continues to be both the 10 and 50 day moving averages as well as 8500. More Technical Analysis - Go HERE
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