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Tuesday, January 6, 2009

Dow Jones Analysis 1/7/09 - Stock Market

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/7/09

Dow Jones Support & Resistance Levels - January 7, 2009

Resistance Levels: 9065, 9150

Support Levels: 9000, 8750, 8650

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The Dow Jones went up nicely today, taking out the high of 9065 which is very bullish. Next resistance I am looking at is around 9150 which was the low the day after the election in which we plunged 500 points on a reality check. Support continues to be at 9000 so that is where I'm keeping my stop order. Things are looking really good as the volume is starting to come back. Lets see what happens around the 9139-9150 area. Will we fail or advance? For More Technical Analysis, Go Here

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