Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 10/2/09Dow Jones Industrial Average (INDEXDJX:.DJI) Support & Resistance Levels - October 2, 2009
Resistance Levels: 9583, 9713, 9862, 10,000
Support Levels: 9500, 9403, 9300
The Dow Jones is pulling back after some worse then expected economic data. I am watching the 50 day moving average located at 9449 but is rising rapidly. The Dow must hold this key support level on a closing basis or the risks to more downside activity are high. The next two levels to watch would be the Sept low of 9253 and the August low of 9116. These must hold as well or 9000 will be tested. I will become bullish again when the Dow can close back over 9730. For More Technical Analysis - Go Here
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