The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/12/09Dow Jones Industrial Average Support & Resistance Levels - June 12, 2009
Resistance Levels: 8878, 9000
Support Levels: 8600, 8500, 8250
http://stockcharts.com/ - Chart
The Dow Jones broke to a new 6 month high today hitting 8878 before pulling back. There is major resistance between 8800 - 9000 and that is why we sell off every time we jump into this area. I still think we will hit at least 9000 before any major pullback. Support for the Dow Jones is between 8500-8600. A close below 8500 from this point on would be very bearish.
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