The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/28/09Dow Jones Support & Resistance Levels - April 28, 2009
Resistance Levels: 8190.66, 8300, 8500
Support Levels: 8000, 7750, 7550
http://stockcharts.com/ - Chart
The Dow Jones failed to break up through the downtrend line that extends back to November of 2008. The Dow did manage to stay above 8000, a key support level. I believe the next break out will occur when the Dow breaks over this downtrend line and holds it. On the downside, 7750 is a major support level which must hold from here on out. A close below 7750 could be the start of a new leg down or just a retest of the lows
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