The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/1/09, 3/2/09Dow Jones Support & Resistance Levels - March 2, 2009
Resistance Levels: 7377, 7449, 7500, 7552
Support Levels: 7036, 7000, 6936
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The Dow Jones set a new 52 week low on Friday bouncing off of the 7036 support level. The volume was very high due to Citi and B of A. I would think the 7000 would offer a nice level of support like 8000 did for awhile. Keep this in mind: October 28, 1997 - The Dow Jones opened at 7161, hit a low of 6936, rallied to a high of 7553 to end the day at 7498. If we get the right news, this is the potential move we could get. The 6936 offers additional support as well. For More Technical Analysis - Go Here
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