The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/6/09Dow Jones Support & Resistance Levels - March 6, 2009
Resistance Levels: 7000, 7112, 7449, 7500, 7552
Support Levels: 6700, 6500, 6350
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The Dow Jones tested 6500 today but stopped at 6544.10. This is a level to watch tomorrow as well as 6500. The 10 day moving average is now down to 7030 so keep an eye on this moving average for a sign of recovery. I believe once we finish back over this level we could have a huge rally. If you want to limit risk, wait for a close back over 7000 and catch the move back up. The jobs number tomorrow is going to be horrible but if it is under a loss of 600,000, I think we will see a rally. For More Technical Analysis - Go Here
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