Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/24/09Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 24, 2009
Resistance Levels: 9000, 9088, 9097
Support Levels: 8878, 8700, 8500
http://stockcharts.com/ - Chart
The Dow Jones hit a new 2009 high today but earnings after the bell were horrible and I expect a retest of 9000 and lower tomorrow. Pullbacks to 8878 are interesting but i'd much rather wait for a retest of the 50 and 200 day moving averages. As I have been saying, a break above 9000 would be a great selling opportunity, we got it, now I am looking for the Dow to retest these moving averages and we will go from there. Today looked like buyers were chasing the market.
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