The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/22/09Dow Jones Support & Resistance Levels - April 22, 2009
Resistance Levels: 8000, 8190
Support Levels: 7750, 7550
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The Dow Jones had a nice snap back rally today but failed to close above the 10 day moving average which is now resistance. Since the recent run started, the Dow hasn't closed below the 10 day moving average for 3 straight days so tomorrow will be key from a technical standpoint. The support level of 7750 held again today so this is a level that must hold going forward. A close below 7750 would be a huge sign of weakness. For More Technical Analysis - Go Here
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