The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/24/09Dow Jones Support & Resistance Levels - March 24, 2009
Resistance Levels: 8000, 8250
Support Levels: 7500, 7449, 7300
The Dow Jones closed over the 50 day moving average for the first time since the start of 2009. This yet another bullish signal for a stock market bottom. We even closed back over Hogan's Bottom at 7773.71. The current downtrend line from the two previous highs could have the Dow Jones going back into the 8000's before topping out. Support is now the 50 day moving average at 7650. A close below this and I'm getting short again ( SRS or FAZ ). For More Technical Analysis - Go Here
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