Dow Jones Analysis 3/5/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/5/09

Dow Jones Support & Resistance Levels - March 5, 2009

Resistance Levels: 7000, 7112, 7449, 7500, 7552

Support Levels: 6700, 6500, 6350

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The Dow Jones had its first up day in the past 6 trading sessions and it was a nice one at that. My only concern was the late day selling off of 100 points. On the upside, we got close to the first resistance level of 7000 and it was rejected. The rest of the week will be crucial because I believe there is a huge move coming but I just don't know which way as of yet. I feel we will either close over the 10 moving average and rally or break 6700 and go to new lows. Keep an eye on the 10 day moving average! For More Technical Analysis - Go Here

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