The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/8/09Dow Jones Support & Resistance Levels - May 8, 2009
Resistance Levels: 8500, 8700
Support Levels: 8300, 8190, 8000
http://stockcharts.com/ - Chart
The Dow Jones pulled back today after making a new high in the morning. The stock market appears to like the results of the stress test because the bank stocks are screaming higher in afterhours. Keep an eye on 8577 which was the high on Thursday. A break through that level could send the Dow to retest 8700. I love pullbacks to the 10 day moving average for a trade. The 10 day moving is currently at 8244.40. The overall trend is still bullish. For More Technical Analysis - Go Here
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