The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/29/09Dow Jones Industrial Average Support & Resistance Levels - May 29, 2009
Resistance Levels: 8591, 8742
Support Levels: 8250, 8000, 7750
http://stockcharts.com/ - Chart
The Dow Jones bounced off the 8250 support level today as buyers stepped in around that area. I am now watching for a close over 8500 that could potentially start a new leg higher toward 8600 and then 200 day moving average at 8795. On the downside, a close below 8250 would be very bearish and you would see additional selling pressure and a sign that we have further down to go. Watching 8250 and 8500 on a closing basis. For More Technical Analysis - Go Here
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