The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/30/09Dow Jones Support & Resistance Levels - March 30, 2009
Resistance Levels: 8000, 8250
Support Levels: 7597, 7500
http://stockcharts.com/ - Chart
The Dow Jones failed at 8000 for the second straight day. This is a major resistance level. We ended at 7776 so we are now 180 above the 50 day moving average which is support. These are you two points to trade off of. A break above 8000 will be bullish for stocks, a break below the 50 day will be bearish for stocks. Keep an eye on Citigroup as Citi closed below both 10 & 50 day moving averages today. This could be the first sign of things to come as Citi started this massive rally! For More Technical Analysis - Go Here
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