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Thursday, February 12, 2009

Dow Jones Analysis 2/13/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/13/09

Dow Jones Support & Resistance Levels - February 13, 2009

Resistance Levels: 8000, 8100, 8376, 8404, 8500

Support Levels: 7845, 7774, 7693, 7500




The Dow Jones bounced back today but still trends under the 10 day moving average. This has been an area that if closed above, some momentum can start to build. A close back over 8000 would be bullish but to get me very bullish we need to get back over 8400-8500. The Hogan Bottom of 7773 seems to be solid right now...we managed to close over this level today.

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