The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/6/09Dow Jones Support & Resistance Levels - February 6, 2009
Resistance Levels: 8125, 8400, 8500, 8765
Support Levels: 8000, 7845, 7774, 7500
http://stockcharts.com/ - Chart
The Dow Jones did the opposite of yesterday, opened lower and bounced back huge, but still failed at the 10 day moving average. We have only closed over the 10 day moving average 1 out of the last 19 trading sessions. When this trend changes we could really rip higher and possibly have something sustainable. Dips under 7900 seem to be a good buy but rallies over 8100 seem to be a good sell. If we get two straight days with a close over the 10 day...I think that 8500 level will get tested.
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