The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/10/09Dow Jones Support & Resistance Levels - February 10, 2009
Resistance Levels: 8400, 8500, 8750
Support Levels: 8129, 8000
http://stockcharts.com/ - Chart
The Dow Jones closed fairly flat today but tomorrow we will get the bank bailout plan and the market should react in a big way up or down. If the market likes the plan, I think we will test the 50 day moving average which is at 8463 and also the big resistance level at 8500. Pullbacks under 8000 have been a good buy for a trade as we figure out the next big direction. I feel the Dow will rally huge on a close over 8500 as shorts scramble to cover. Tomorrow should be a big day. For More Technical Analysis - Go Here
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