The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/9/09Dow Jones Support & Resistance Levels - April 9, 2009
Resistance Levels: 8000, 8075, 8300, 8500
Support Levels: 7550, 7450
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The Dow Jones closed back above the 10 day moving average but made a lower daily low for the 4th straight day. Keep an eye on 7750, a break below that area would cause the Dow Jones to get even weaker. I have a feeling we will retest the 50 day moving average over the next several weeks as bank earnings start to roll in. The 7500 would have to hold on the downside. However, a close above 8000 would get me bullish again. For More Technical Analysis - Go Here
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