The following is Stock Market Technical Analysis for the Dow Jones ( DJIA ) for 12/3/08
Dow Jones Support & Resistance Levels - December 3, 2008
Resistance Levels: 8500, 8675
Support Levels: 8307, 8150
http://stockcharts.com - Chart
The Dow Jones has closed above the 10 day moving average today...this is again , very bullish. It's starting to look as though we will try and close back over 8500 again, or at least test it tomorrow. This would be another bullish indicator to get long this stock market. We tried to sell off today but buyers quickly stepped in. Support is at the 10 day moving average of 8307 and also the 8150 level. Resistance will be at 8500 and around 8675 to 8831 where we gapped below on Monday. You better believe there will be many sellers between 8675 - 8831 and if we clear this level and close above 8831, we will test 8923 and 9000. Bottom Line: Still Bullish unless we close back under the 10 day moving average again.....watching what we do at 8500 tomorrow!
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