The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/29/09Dow Jones Support & Resistance Levels - April 29, 2009
Resistance Levels: 8190.66, 8300, 8500
Support Levels: 8000, 7750, 7550
http://stockcharts.com/ - Chart
The Dow Jones continues to hit up against this downtrend line which is becoming a major resistance level. A break up through this level would be huge and could set up a new leg up in the stock market. This stress test Monday could turn out to be a huge market moving event!!! If the Dow starts to break out to the upside, we could be headed to retest the 200 day moving average. Support continues to be at 7750. We will find out very soon which way we go next...buckle up!
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