The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/13/09Dow Jones Industrial Average Support & Resistance Levels - May 13, 2009
Resistance Levels: 8500, 8588, 8742
Support Levels: 8365, 8190, 8000
http://stockcharts.com/ - Chart
The Dow Jones bounced off the 10 day moving average today and closed in the green. This was the first successful test in the past month. As soon as we close below this level, there is downside risk to the stock market.
Keep an eye on the high from last week of 8587.55. If we break up through that level, you could be looking at another 100-200 points on the upside before another small pullback. For More Technical Analysis - Go Here
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