The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/31/08
Dow Jones Support & Resistance Levels - December 31, 2008
Resistance Levels: 8800, 9000, 9250
Support Levels: 8500, 8350
http://stockcharts.com - Chart
http://stockcharts.com - Chart
The Dow Jones closed over both the 10 and 50 day moving averages...a very bullish indicator. Although it has been on low volume, this is very positive action. This makes both 8500 and 8350 very solid support levels. The next key resistance level is 8800 and then 9000.
Lets wait and see what happens next week as we get the volume back as well as the employment report on Friday.
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