The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/12/09Dow Jones Industrial Average Support & Resistance Levels - May 12, 2009
Resistance Levels: 8500, 8742, 9000
Support Levels: 8334, 8190, 8000
http://stockcharts.com/ - Chart
The Dow Jones pulled back today after making a new 4 month high on Friday. One thing I am watching closely is the 10 day moving average which is located at 8333.62 and rising rapidly. A close below this level will bring in further downside risk. I eventually think the Dow will retest the 50 day moving average which would be a buy. For More Technical Analysis - Go Here
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