The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/11/09Dow Jones Support & Resistance Levels - February 11, 2009
Resistance Levels: 8000, 8100, 8376, 8404, 8500
Support Levels: 7845, 7774, 7500
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The Dow Jones fell the most today since December 1st 2008 and it managed Thursday's low of 7845.31. Technically, the Dow is looking bearish and we could be looking at testing the Hogan Bottom low of 7773.71 from October 10, 2008. The next support level would be 7500 and the 7448.38 52 week low from late November 2008. If we get a bounce, The Dow would probably bounce between 8000-8100 but expecting much more then that could leave you disappointed. The downtrend seems to be continuing! For More Technical Analysis - Go Here
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