The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/5/09Dow Jones Support & Resistance Levels - May 5, 2009
Resistance Levels: 8500, 8700
Support Levels: 8300, 8190, 8000
http://stockcharts.com/ - Chart
The Dow Jones closed above the late January high of 8405.87 today...a very bullish signal. The real test will come at 8500 where there is significant resistance. Support is now located at 8200 and 8000. A close below 8000 at this point would be very bearish. If the Dow Jones can close above 8500, I think a retest of 9000 could be in the cards. At that point, I'd be starting some short positions. For More Technical Analysis - Go Here
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