The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/29/09Dow Jones Support & Resistance Levels - January 29, 2009
Resistance Levels: 8500
Support Levels: 8300, 8180, 8000, 7935, 7774
http://stockcharts.com/ - Chart
The Dow Jones broke and closed above the 10 day moving average today...first time this has happened in 3 weeks...very bullish signal. Next resistance level is 8500 and the Dow will really need something major to close over this level. Since the 8500 level was previous support and broken, this area will be a place where traders will be more inclined to sell positions rather the buy more. If the Dow can close over 8500, it would also mean a close over the 50 day moving average and another bullish indicator.
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