The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/25/09Dow Jones Support & Resistance Levels - February 25, 2009
Resistance Levels: 7449, 7500, 7601
Support Levels: 7105, 7036, 7000
http://stockcharts.com/ - Chart
The Dow Jones made a huge reversal today after making a new 52 week low yesterday at 7105.94. This level will now be major support and if broken, the Dow will test 7000 and below.Resistance: The Dow Jones will have some resistance between 7449 and 7500. Also the 10 day moving average is coming back into play at 7600....so closing above all three of these levels would be huge and if this plays out, the Dow could make a run toward 8000. I will get bullish when we start trending back above the 10 day moving average and bouncing off of it. For More Technical Analysis - Go Here
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