The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/8/09Dow Jones Support & Resistance Levels - April 8, 2009
Resistance Levels: 8000, 8075, 8300, 8500
Support Levels: 7550, 7450
http://stockcharts.com/ - Chart
The Dow Jones Closed below the 10 day moving average Tuesday as the 8000 level continues to be a major resistance level. The Dow now has three straight sessions with lower lows. Tomorrow will be a very critical day the Dow will attempt to get back above the 10 day moving average and regain momentum. The next solid support level is 240 points lower at 7550 which is the 50 day moving average. I am looking to buy if we get back there. However, I will use a stop at 7450. A close above 8000 would be bullish for more upside. For More Technical Analysis - Go Here
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