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Monday, February 9, 2009

Dow Jones Analysis 2/10/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/10/09

Dow Jones Support & Resistance Levels - February 10, 2009

Resistance Levels: 8400, 8500, 8750

Support Levels: 8129, 8000

http://stockcharts.com/ - Chart

The Dow Jones closed fairly flat today but tomorrow we will get the bank bailout plan and the market should react in a big way up or down. If the market likes the plan, I think we will test the 50 day moving average which is at 8463 and also the big resistance level at 8500. Pullbacks under 8000 have been a good buy for a trade as we figure out the next big direction. I feel the Dow will rally huge on a close over 8500 as shorts scramble to cover. Tomorrow should be a big day. For More Technical Analysis - Go Here

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