The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/4/09Dow Jones Support & Resistance Levels - February 4, 2009
Resistance Levels: 8125, 8400, 8500, 8765
Support Levels: 8000, 7867, 7774
http://stockcharts.com/ - Chart
The Dow Jones tested the 10 day moving average and closed over 8000 today - while this is very positive, we have failed at the 50 day moving average since we broke down through it in early January. It appears we have put in a low at 7867 on Feb 2nd 2009 and we could go back up to the 50 day moving average if we get some volume. Right now the 50 day moving average is at 8462. A close over 8500 would be huge and you would want to be in stocks at that point. Support is at 8000 and 7867 from Feb 2nd - Hogan's Bottom continues to hold! For More Technical Analysis - Go Here
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