Dow Jones Analysis 1/15/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/15/09

Dow Jones Support & Resistance Levels - January 15, 2009

Resistance Levels: 8350, 8500, 8765

Support Levels: 8150, 8000, 7965
http://stockcharts.com - Chart

Here We Go Again - The Dow Jones tested key support at 8150 and bounced off this level. The Apple news and Bank of America news after hours will most likely take the Dow down to test 8000 tomorrow. 8000 has been a major area of support and if this level is closed below, it will cause more panic selling. 8500 now becomes a major resistance level and when we get there traders will be selling it.
Apple ( AAPL ) CEO Steve Jobs stepping down until June - Bank of America ( BAC ) asking for more Government aid - JP Morgan ( JPM ) earnings due out 1/15/09 - 7:30am EST - For More Technical Analysis - Go Here

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