The following is Stock Market Technical Analysis for the Dow Jones ( DJIA ) for 12/4/08
Dow Jones Support & Resistance Levels - December 4, 2008
Resistance Levels: 8600, 8672 - 8831
Support Levels: 8500, 8323, 8150
http://stockcharts.com - Chart
The Dow Jones closed above 8500 today after bouncing off the 10 day moving average several times during the trading session. Very Bullish action! I am buying dips to the 10 day moving average until further notice as there is major buying action at the 8300 level every time we touch it....On the Upside, .there is going to be resistance at around 8672 - 8831 which was the range on Friday before we broke down on Monday.. If we can close above these levels we will most likely test the 50 day moving average just above 9000. We haven't tested the 50 day moving average since the week before the 700 billion bailout was passed. I will have to re access if we get there. For Past Technical Analysis Chart, Go HERE
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free.
