The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/15/09Dow Jones Industrial Average Support & Resistance Levels - May 15, 2009
Resistance Levels: 8389, 8500, 8588, 8742
Support Levels: 8000, 8750
http://stockcharts.com/ - Chart
The Dow Jones bounced back today after selling off big on Wednesday. However, it closed below the 10 day moving average once again which is worth watching. There will be some solid support at 8000 so if we get a pullback to that area, I will be a buyer. A close below the 50 day moving average (7814) will be an event where I get bearish again. On the upside, a break above 8587.55 will finally make the Dow retest the 200 day moving average. For More Technical Analysis - Go Here
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