The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/23/09Dow Jones Support & Resistance Levels - April 23, 2009
Resistance Levels: 8000, 8190
Support Levels: 7750, 7550
http://stockcharts.com/ - Chart
The Dow Jones failed to hold 8000 earlier today and collapsed at the end of the day. The Dow Jones has now closed below the 10 day moving average for the third straight day, something that hasn't happened since we hit the March lows. I am watching 7750 which has been a strong support level. If we close below 7750, a new downtrend will start. Carter Worth caused the late day sell off when he said sell sell sell. For More Technical Analysis - Go Here
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