The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/9/09Dow Jones Support & Resistance Levels - March 9, 2009
Resistance Levels: 6750, 7000, 7449, 7500, 7552
Support Levels: 6500, 6310, 6000
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The Dow Jones broke to a new 52 week low yesterday but snapped back into positive territory at the end of the day. This is very bullish action but was only one day. We will have to see if there is any follow through on Monday. There is major support in the 6300-6500 area so this is where I have been buying. If this support level is broken, I'd expect 6000 to be tested. Resistance is around the 6750 and 7000 level. For More Technical Analysis - Go Here
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