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Wednesday, July 29, 2009

Dow Jones Analysis 7/30/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/30/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 30, 2009

Resistance Levels: 9125, 9284

Support Levels: 9000, 8878, 8500




The Dow Jones continues to close over 9000 and the 10 day moving average. I have a feeling we will break hard one way or the other sooner or later. We will either break up through 9125 and rally hard, or break down through 9000 and have a sell off. I feel we are due for a correction after the enormous run over the past 2.5 weeks. I am looking to buy aggressively at the 50 day moving average which will eventually be tested. For More Technical Analysis - Go Here


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