The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/27/09Dow Jones Support & Resistance Levels - March 27, 2009
Resistance Levels: 8000, 8250
Support Levels: 7752, 7602, 7500
http://stockcharts.com/ - Chart
The Dow Jones continues to rally and is about the test the key resistance level of 8000. This area will be the first Major test of the Dow Jones. A close above 8000 would bring in additional buying and allow you to move your stop loss order up. The 10 day moving average is ready to cross up though the 50 day moving average, a technical signal that is very bullish. On the downside, I will trade from the short side on a close below the 50 day moving average. The downtrend line is still far away so I'm not ready to call a bottom quite yet like I did for the Nasdaq today. For More Technical Analysis - Go Here
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