The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/20/09Dow Jones Support & Resistance Levels - April 20, 2009
Resistance Levels: 8300, 8500
Support Levels: 8000
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The Dow Jones continues the recent uptrend closing over the 10 day moving average once again. I continue to watch this moving average ( now at 7997 ) for any signs of a correction. 8000 is now an even more critical level on a closing basis. Bank of America, a Dow component, will release earnings on Monday. All signs point to the Dow testing the 8300-8500 before a major correction
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