The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/14/09
Dow Jones Support & Resistance Levels - January 14, 2009
Resistance Levels: 8500, 8750 ,9000, 9088, 9150
Support Levels: 8350, 8150
http://stockcharts.com - Chart
The Dow Jones has closed below 8500 for the second straight day.....this is something to watch closely as we bounced off of the next support level of 8350 today. Resistance is at the 50 day moving average at 8643 and the 10 day moving average at 8748.
I remain very cautious with the Dow Jones under 8500 as stated before. 8150 has shown as a solid support level over the past several months and i'd be willing to buy there for a bounce
I remain very cautious with the Dow Jones under 8500 as stated before. 8150 has shown as a solid support level over the past several months and i'd be willing to buy there for a bounce
For More Technical Analysis, Go Here
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
