Dow Jones Analysis 4/30/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/30/09

Dow Jones Support & Resistance Levels - April 30, 2009

Resistance Levels: 8190.66, 8300, 8500

Support Levels: 8000, 7750, 7550

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The Dow Jones broke out above the previous high of 8190 and most importantly, the downtrend line. This line now becomes support and the risk is to the upside. The high today of 8257.57 becomes minor resistance and I am expecting upside to the 8300-8400 area. A close above 8500 would be huge and then I think 9000 would be retested. On the downside, I like pullbacks under 8000 with a stop at 7750. For More Technical Analysis - Go Here

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