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Thursday, March 12, 2009

Dow Jones Analysis 3/13/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/13/09

Dow Jones Support & Resistance Levels - March 13, 2009 - DJI

Resistance Levels: 7449, 7500, 7552, 7853

Support Levels: 7000, 6822, 6500, 6310, 6000




The Dow Jones had another great day and continues to break out after closing above the 10 day moving average on Monday. The next resistance level I am looking at is 7449 which is the previous 52 week low before the 6469.95 low was made. A close over this level would be huge and would take the Dow back to the 50 day moving average of 7853. The Dow Jones now has support at the 7000 level and the 10 day moving average at 6822. For More Technical Analysis - Go Here

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