The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/24/08
Dow Jones Support & Resistance Levels - December 24, 2008
Resistance Levels: 8500, 8675, 8700
Support Levels: 8300, 8150
http://stockcharts.com/ - Chart
http://stockcharts.com/ - Chart
The Dow Jones closed below key support level of 8500 today for the first time in over two weeks....this is something worth watching. The volume has been very light but it is still a bearish signal. The next support level is 8300 and 8500 now becomes resistance. I am now being cautious until we close back over 8500.
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