The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/02/09Dow Jones Support & Resistance Levels - April 2, 2009
Resistance Levels: 7931, 8000, 8250
Support Levels: 7600, 7500, 7200
http://stockcharts.com/ - Chart
The Dow Jones held support of 7500 and 7600 on a closing basis today. A very bullish sign. I think we will continue to stay in this range between 7500-8000 until we start to get earnings reports next week. A close above 8000 would take us back to test 8500-9000, a close below 7500 will take us back to retest 7000-7200. The Dow Jones is back above both the 10 and 50 day moving averages so I trade from the long side during the trading day until this changes.
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