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Wednesday, May 27, 2009

Dow Jones Analysis 5/28/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/28/09

Dow Jones Industrial Average Support & Resistance Levels - May 28, 2009

Resistance Levels: 8591, 8742

Support Levels: 8250, 8000, 7750



The Dow Jones fell of a cliff today which had to do with bond sales. I am watching 8250 on the Dow because this is the closing support level which has held since breaking up through it in late April. A close below 8250 would spark some technical selling and the 50 day moving average and 8000 would be tested. On the upside...resistance has been in the 8500's lately and a close above 8600 would be bullish. For More Technical Analysis - Go Here


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