The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/12/09
Dow Jones Support & Resistance Levels - January 12, 2009
Resistance Levels: 8750, 9000, 9088, 9150
Support Levels: , 8500, 8345
http://stockcharts.com - Chart
The Dow Jones has closed below two key moving averages on Friday ( 10 & 50 day ).This is something worth watching as this is a technically bearish signal but as long as the Dow Jones holds 8500 everything will be ok.
On the upside, a close back over these two moving averages will probably take us back for a retest of 9000. We are getting closer to a breakout point as we can't stay in this 8500-9000 range forever. We will either start a new leg down or break out big to the upside. For More Technical Analysis, Go Here
On the upside, a close back over these two moving averages will probably take us back for a retest of 9000. We are getting closer to a breakout point as we can't stay in this 8500-9000 range forever. We will either start a new leg down or break out big to the upside. For More Technical Analysis, Go Here
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
