The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/23/08
Dow Jones Support & Resistance Levels - December 23, 2008
Resistance Levels: 8675, 8700
Support Levels: 8500, 8150
http://stockcharts.com - Chart
The Dow Jones closed over 8500 after trading most of the afternoon below this level. As you know, 8500 has been a big battle ground over the past few months and offers a nice support level. 9000 could not be closed above and the Dow Jones is now selling well below both the 10 and 50 day moving averages. The Next support level to watch if 8500 is closed below is 8300 and the key support level of 8150 which has held countless times. As long as the Dow closes above 8500, I remain bullish.
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