Dow Jones Analysis 2/27/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/27/09

Dow Jones Support & Resistance Levels - February 27, 2009

Resistance Levels: 7385, 7449, 7500, 7552

Support Levels: 7105, 7036, 7000

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The Dow Jones closed near the lows today and could not manage to break back up through the 10 day moving average. This is a bearish sign...every rally has been met by sellers. Keep an eye on the support level of 7105 and the S&P 500 support level of 741. If these levels are broken, the current leg down will continue. There is additional support at 7036 and 7000 but then there isn't much buying support until 6300-6500. When we close back above the 10 day moving average things could turn around fast. For More Technical Analysis - Go Here

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