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Saturday, August 1, 2009

Dow Jones Analysis 8/3/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/3/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 3, 2009

Resistance Levels: 9246, 9284, 9500

Support Levels: 9040, 9000, 8600



The Dow Jones continues to bounce every time it gets near the 10 day moving average. I have been buying pullbacks to this level until we actually close below it, then I would actually want to go short. Resistance is located at 9246 & 9284 and then nothing major until 9500. A lot of people are saying that September and October will be rough so we might start seeing some selling pressure by the end of August. For More Technical Analysis - Go Here

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