The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/26/09Dow Jones Support & Resistance Levels - March 26, 2009
Resistance Levels: 7864, 8000, 8250
Support Levels: 7616, 7500, 7449, 7300
The Dow Jones attempted to close under the 50 day moving average but then snapped back over it at the end of the day. This is the type of action you find in a bull market. The Dow Jones has now closed over the 50 day moving average for the third straight day making this level an even greater support area. If you are looking to sell or go short, wait for the first close under the 50 day moving average so that you don't miss any more upside the markets may have.
I am also watching my downtrend line that extends down to 8400 as an upside target and the 10 day moving average that is racing higher each day.
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