The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/17/09Dow Jones Support & Resistance Levels - March 17, 2009
Resistance Levels: 7449,7500, 7795, 8000
Support Levels: 7000, 6895, 6500
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The Dow Jones had another great day today but is starting to hit resistance at the previous low of 7449. There is also resistance around the 7500 level. Watch these two levels over the next few days. The 50 day moving average (7795) is also coming into play as well. Support is all the way down at 7000 and the 10 day moving average at 6895 but by tomorrow will be higher. We will see in the coming weeks if this rally is for real. Keep in mind, auto bail out decision is weeks away, Jobs number coming in a few weeks, and then Citigroup earnings 4/17, the moment of truth! This will be the most anticipated earnings report in years! For More Technical Analysis - Go Here
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