The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/30/08
Dow Jones Support & Resistance Levels - December 30, 2008
Resistance Levels: 8500, 8600
Support Levels: 8300, 8150
http://stockcharts.com - Chart
http://stockcharts.com - Chart
The Dow Jones closed below 8500 once again on low volume. 8600 seems to be the resistance level lately and if we close above this level I think we could once again test 9000.Support has been around 8300-8350 lately and this must hold or the Dow will go down to test the key support level of 8150.As soon as the Dow gets back above the 10 and 50 day moving averages all will be well again.
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