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Monday, July 20, 2009

Dow Jones Analysis 7/21/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/21/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 21, 2009

Resistance Levels: 8878, 9000, 9088

Support Levels: 8600, 8500, 8331, 8250




The Dow Jones had another nice pop today and is poised to break through the June 2009 high of 8878. A close above this level would set up a run toward 9000 and the 2009 high of 9088.06. Dow 8500 should now offer huge support and would be a buying opportunity. If we get near 9000 over the next few days, I might start putting on some short positions for a trade.

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