The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/28/09Dow Jones Support & Resistance Levels - January 28, 2009
Resistance Levels: 8211, 8250, 8350, 8500
Support Levels: 8000, 7935, 7774
Support Levels: 8000, 7935, 7774
http://stockcharts.com - Chart
The Dow Jones closed right near its 10 day moving average but we failed to take out 8250 intraday. With the futures up tonight, we could very well have a big day tomorrow. I will not get super bullish until we close back over the key resistance level of 8500 which had been support through most of December. After forming a base below 8000 over the past few weeks, it finally looks like the market wants to head higher. The RSI is pointing toward a break out as well!
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