The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/16/09Dow Jones Support & Resistance Levels - March 16, 2009 - DJI
Resistance Levels: 7449, 7500, 7824, 8000
Support Levels: 7000, 6822, 6500, 6310, 6000
http://stockcharts.com/ - Chart
The Dow Jones has gone up 4 straight days which hasn't happened since the end of November. The Dow will have some resistance at the previous low of 7449 and also 7500. If the Dow Jones can close above these levels, I think it could retest 8000 where the major resistance is.
Dow 7000 now acts as a nice support level, a close below this and we will retest the lows once again. Pullbacks to the 10 day moving average will be a good area to buy as well. The stock market will face a lot of economic data and events ( Fed Meeting, TALF, Market to Market, ect ) next week so it could get very intersting! For More Technical Analysis - Go Here
Dow 7000 now acts as a nice support level, a close below this and we will retest the lows once again. Pullbacks to the 10 day moving average will be a good area to buy as well. The stock market will face a lot of economic data and events ( Fed Meeting, TALF, Market to Market, ect ) next week so it could get very intersting! For More Technical Analysis - Go Here
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