The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/3/09Dow Jones Support & Resistance Levels - March 3, 2009
Resistance Levels: 7000, 7150, 7449, 7500, 7552
Support Levels: 6755, 6500, 6350
http://stockcharts.com/ - Chart
The Dow Jones crashed through 7000 today. The next major support is 6500 and then you have strong support in the 6300's. Resistance will now be around 7000-7058 as well as the 10 day moving average which by tomorrow will be 7150.
The Dow is getting as oversold as we were back in October of last year. Any bit a good news would be rocket fuel for a huge rebound rally. Whether it is sustainable or not is a different question! Fasten your seat belts! For More Technical Analysis - Go Here
The Dow is getting as oversold as we were back in October of last year. Any bit a good news would be rocket fuel for a huge rebound rally. Whether it is sustainable or not is a different question! Fasten your seat belts! For More Technical Analysis - Go Here
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