The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/22/09Dow Jones Industrial Average Support & Resistance Levels - May 22, 2009
Resistance Levels: 8591, 8742
Support Levels: 8250, 8000, 7750
http://stockcharts.com/ - Chart
The Dow Jones continued the sell off which started yesterday afternoon. The Dow went below 8250 but came back at the end of the day to close over this level. This is something to watch closely because I believe that a close below 8250 would set up a key retest of the 50 day moving average and then 8000. As you can see to the right, all three moving averages are getting ready to meet and the volatility could really come back quickly! For More Technical Analysis - Go Here
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