The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/13/09Dow Jones Support & Resistance Levels - April 13, 2009
Resistance Levels: 8300, 8500
Support Levels: 8000, 7735, 7538, 7450
http://stockcharts.com/ - Chart
The Dow Jones surged Thursday on earnings news out of Wells Fargo. The Dow broke 8000 and closed over the previous high of 8075. This is a huge bullish signal and is almost the opposite of what I was expecting yesterday. I am now bullish as long as the Dow remains over 8000 and will get short under 8000 for a trade. The next major resistance level I see is around the 8300 level, the same level which we were at when Timothy Geithner unveiled his banking solution which the market hated back in February. For More Technical Analysis - Go Here
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