The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/26/09Dow Jones Support & Resistance Levels - February 26, 2009
Resistance Levels: 7449, 7500, 7552
Support Levels: 7106, 7036, 7000
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The Dow Jones tested its 52 week low today at 7106 but stopped short bouncing at 7156. From a technical prospective, the Dow Jones has support at the 7106 level and a break below that will continue the leg down not to mention be very bearish. The next support level would be 7036 and 7000, but then there really isn't much resistance until 6300-6500. On the upside, continue to watch 7449, 7500, 7552, if we can get a close above these levels it will be a bullish sign and we could end up testing 8000 again. It's all about the banks right now. For More Technical Analysis - Go Here
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