Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/7/09Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 7, 2009
Resistance Levels: 9500
Support Levels: 9183, 9040, 9000, 8600
http://stockcharts.com/ - Chart
I continue to watch the Dow Jones and the 10 day moving average. The Dow Jones hasn't closed below the 10 day moving average since closing back over it on July 13th. A close below this level would make me cautious I would be expecting a correction to come in the stock market. 9200 is a solid support level as well as 9000....after that, you have the 50 day moving average at 8680 which would be a strong buy. This 10 day moving average indicator has not always worked but I find it right 75% of the time. On the upside, the next major resistance level is located at 9500.
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