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Monday, March 30, 2009

Dow Jones Analysis 3/31/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/31/09

Dow Jones Support & Resistance Levels - March 31, 2009

Resistance Levels: 7600, 8000, 8250

Support Levels: 7500, 7200



The Dow Jones closed below both key moving averages today which to me signals further downside to come. The next support level is around 7200 and if that doesn't hold, 7000 is the next support level. I will get bullish again when the Dow gets back above 7600.
8000 has been a major resistance level over the past 6 months and when we get back over that level the Dow should make a run toward 9000. For More Technical Analysis - Go Here

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