The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/28/08 , 12/29/08
Dow Jones Support & Resistance Levels - December 29, 2008
Support Levels: 8500, 8300, 8150
http://stockcharts.com - Chart
http://stockcharts.com - Chart
The Dow Jones closed back over key support of 8500 on Friday so I am currently bullish. As I have been saying lately, 8500 is the key area right now that you want to be watching.
I am very cautious however as the Dow appears to be starting to break down again. The Dow formed a double top at 9000 and has since broke back below the 10 day and 50 day moving averages.
Key support levels after 8500 would be 8300 and 8150
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