The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/14/09Dow Jones Industrial Average Support & Resistance Levels - May 14, 2009
Resistance Levels: 8389, 8500, 8588, 8742
Support Levels: 8000, 8750
http://stockcharts.com/ - Chart
The Dow Jones ended the day below the 10 day moving average, something to watch closely. Since the March rally began we have failed the 10 day moving average twice but bounced back each time. Tomorrow and Friday will be critical from a technical basis because if we add to the losses without bouncing, bigger losses could be looming on the horizon. I am expecting a Dow to open down followed by a bounce....but will the buyers be there to support the stock market this time? For More Technical Analysis - Go Here
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