The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/24/09Dow Jones Support & Resistance Levels - April 24, 2009
Resistance Levels: 8000, 8190
Support Levels: 7750, 7550
http://stockcharts.com/ - Chart
The Dow Jones had a late day surge led be financials at the end of the day. We are stuck in this range between 7750-8000. Dips under 7800 have been bought heavily, rips into the 8000's have been sold heavily. The downtrend line that I drew shows that we will either break above this resistance line or fail and begin another downtrend. As long as the Dow can close above 8000 I am bullish but as soon as we close below 8000, I trade from the short side. We have traded sideways for all of April so we will soon be able to tell the next major move within the next few weeks
For More Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
