Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/27/09Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 27, 2009
Resistance Levels: 9284
Support Levels: 9000, 8878, 8500
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The Dow Jones had another great day and closed over the 9088.06 high. A retest of 9000 held at 9007 and we closed near the highs which is bullish. The next level to watch is 9284.55 from October 2008. As long as we continue to close over 9000 we will be ok but as soon as we close back below 9000 the bears will come back out of the wood work. At that point, i'd be a buyer of pullbacks to the 50 day moving averge as well as the 200 day moving average. The Dow Jones is starting to become overbought but overbought conditions can last for awhile. For More Technical Analysis - Go Here
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