Dow Jones Analysis 3/18/09 March 18, 2009

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/18/09

Dow Jones Support & Resistance Levels - March 18, 2009

Resistance Levels: 7449,7500, 7795, 8000

Support Levels: 7172, 7000, 6895, 6500

http://stockcharts.com - Chart

Stock Market Futures

The Dow Jones snapped back after a weak ending yesterday. We broke and closed above yesterdays high of 7392 which is very bullish. The next resistance levels are the previous 7449 low and also 7500. You then have some resistance in the 7600's but then its clear sailing to the 50 day moving average and 8000. Today's low of 7172 will now be a big support level. For More Technical Analysis - Go Here

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Dow Jones Analysis 3/17/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/17/09

Dow Jones Support & Resistance Levels - March 17, 2009

Resistance Levels: 7449,7500, 7795, 8000

Support Levels: 7000, 6895, 6500

http://stockcharts.com - Chart

Stock Market Futures

The Dow Jones had another great day today but is starting to hit resistance at the previous low of 7449. There is also resistance around the 7500 level. Watch these two levels over the next few days. The 50 day moving average (7795) is also coming into play as well. Support is all the way down at 7000 and the 10 day moving average at 6895 but by tomorrow will be higher. We will see in the coming weeks if this rally is for real. Keep in mind, auto bail out decision is weeks away, Jobs number coming in a few weeks, and then Citigroup earnings 4/17, the moment of truth! This will be the most anticipated earnings report in years! For More Technical Analysis - Go Here

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Dow Jones Analysis 2/20/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/20/09

Dow Jones Support & Resistance Levels - February 20, 2009

Resistance Levels: 7880, 8000

Support Levels: 7449, 7000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones broke 7449.38 today with a print of 7447.55. The Dow also closed below the Nov 20th 2008 closing low of 7552. The Dow Jones hasn't closed this low since October of 2002. All signs point to more downward pressure but we won't break down until we actually close below 7449. Next major support would be Dow 7000.
Resistance: The Dow Jones will now have resistance at the 10 day moving average which is at 7880 and 8000. For More Technical Analysis - Go Here

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Dow Jones Analysis 2/19/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/19/09

Dow Jones Support & Resistance Levels - February 19, 2009

Resistance Levels: 7774, 8000

Support Levels: 7500, 7449

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones held the 52 week low of 7449.38 today and managed to bounce. The 7500 level seems to be a nice trading support level with at stop at 7450. We got 30 points within this low today.
Resistance: Right now resistance seems to be around 7774 which is the Hogan Bottom and also 8000. I will be selling back to 8000 unless we close over this level. If we close below 7449, we could end up testing 7000 eventually. For More Technical Analysis - Go Here

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Dow Jones Analysis 2/18/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/18/09

Dow Jones Support & Resistance Levels - February 18, 2009

Resistance Levels: 7774, 8000

Support Levels: 7500, 7449

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones has broke below the Hogan Bottom today and is testing a MAJOR support level of 7449-7500. If these levels do not hold on a closing basis, I think over time, the Dow could test 6800-7000. A break down like this would be devastating for the Stock Markets here and around the world. It would also be a great buying opportunity while everyone panics. I will not be getting bullish on the Dow Jones until we close back over 8000. The 7449 low was put in on November 21, when it was leaked that Timothy Geithner will become the Treasury Secretary....and he has failed so far. For More Technical Analysis - Go Here

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