The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/16/09Dow Jones Support & Resistance Levels - April 16, 2009
Resistance Levels: 8000, 8113, 8300, 8500
Support Levels: 7945, 7750, 7535
http://stockcharts.com/ - Chart
The Dow Jones broke through the 10 day moving average in the morning but roared back to close over this level. At this point, I am watching for another break out above 8113 to confirm the rally has not died. A close below the 10 day moving average will make me bearish and I will start to accumulate short positions. For More Technical Analysis - Go Here
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