The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/16/08
Dow Jones Support & Resistance Levels - December 16, 2008
Resistance Levels: 8750, 9000, 9026.41
Support Levels: 8500, 8350, 8150
Support Levels: 8500, 8350, 8150
http://stockcharts.com - Chart
The Dow Jones has closed under the 10 day moving average for the 2nd day in 3 days but still remains above key support of 8500. 8500 seems to be the battle ground right now. A close below this and I would be bearish again. The good news is the 50 day moving average is now 8750 and we haven't seen a close over this level since September. As long as the Dow stays above 8500, I am bullish. More Technical Analysis - Go HERE
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