The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/19/09Dow Jones Support & Resistance Levels - March 19, 2009
Resistance Levels: 7500, 7795, 8000
Support Levels: 7400, 7250, 7000, 6895, 6500
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The Dow Jones is approaching the 50 day moving average which will be a resistance area. 7400 for the Dow which was resistance over the last few days now becomes support. I would be careful on a break back below this level. This has been a huge move so don't be surprised if some profit taking starts hitting the market soon, especially as we get closer to the 50 day moving average. Things are looking good though! For More Technical Analysis - Go Here
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