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Tuesday, March 10, 2009

Dow Jones Analysis 3/11/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/11/09

Dow Jones Support & Resistance Levels - March 11, 2009 - DJI

Resistance Levels: 7000, 7449, 7500, 7552

Support Levels: 6840, 6500, 6310, 6000




The Dow Jones closed over the 10 day moving average today which is a bullish signal. Like the Nasdaq, I expect it to trade above and below this level over the next several days but keep eye in the close. I will become even more bullish if the Dow gets back over 7000. It is to early to tell if this is a stock market bottom but even if it was, we will retest 6500 several times. All true bottoms are retested. The volume was very strong today which was another positive sign. For More Technical Analysis - Go Here

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