The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/22/09Dow Jones Support & Resistance Levels - January 22, 2009
Resistance Levels: 8350, 8500
Support Levels: 8000, 7773.71, 7500, 7449.38
http://stockcharts.com/ - Chart
The Dow Jones reversed today and will be testing the 8350 Resistance level tomorrow. There is very strong resistance at 8500 and this is the level I believe the Dow Jones will have problems. If the Dow can close above 8500 i'd get bullish again but until this happens I will not be buying any Dow Components. With the close over 8000 today, support now rests at this level and this has turned out to be a solid buying level. For More Technical Analysis - Go Here
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