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Tuesday, July 7, 2009

Dow Jones Analysis 7/8/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/8/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 8, 2009

Resistance Levels: 8200, 8250, 8375, 8600

Support Levels: 8000




The Dow Jones has broken the neckline of a head and shoulders pattern and the trend is now down. All rallies back to the three major moving averages will now be sold and we will test the 8000 support level in my opinion. If 8000 does not hold, we could see a quick move down to 7800 before the big buyers step in. 7/7/09 was the first time the Dow Jones closed below 8250 since May. For More Technical Analysis - Go Here


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