The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/12/09Dow Jones Support & Resistance Levels - February 12, 2009
Resistance Levels: 8000, 8100, 8376, 8404, 8500
Support Levels: 7845, 7774, 7500
http://stockcharts.com/ - Chart
The Dow Jones held the 7845 low from last week but failed to close back over 8000 and the 10 day moving average at 8056.47...this is very bearish! I am waiting to buy on a close over the 10 day moving average.
Support continues to be 7845 and the Hogan Bottom at 7773.71. Every time we've been down in this 7900 level we have bounce. The next few days will be critical once again!
Support continues to be 7845 and the Hogan Bottom at 7773.71. Every time we've been down in this 7900 level we have bounce. The next few days will be critical once again!
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