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Thursday, April 30, 2009

Dow Jones Analysis 5/1/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/1/09

Dow Jones Support & Resistance Levels - May 1, 2009

Resistance Levels: 8190.66, 8300, 8500

Support Levels: 8000, 7750, 7550




The Dow Jones had a nice day early but then failed after the Chrysler announcement. The Dow still has not closed over the 8190 high from April and everytime it gets above 8200 it is sold. At this point, 8000 now becomes a critical support level as we await the stress test results on Monday. For More Technical Analysis - Go Here

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