The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/3/09Dow Jones Support & Resistance Levels - April 3, 2009
Resistance Levels: 8000, 8275, 8500
Support Levels: 7950, 7700
http://stockcharts.com/ - Chart
The Dow Jones broke above the key resistance level of 8000 but pulled back at the end of the day. This is very bullish and it will be interesting to see how the Dow reacts to what will be horrible jobs number tomorrow at 8:30am Est. I don't see any resistance until about 8275 which was the level we were at before Timothy Geithner came out with his horrible bank plan back in February. Pullbacks to 7700 will be bought heavily now that we broke through 8000. Today's move shows us the rally is still alive! RIMM earnings after the bell were unreal!!
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