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Thursday, July 2, 2009

Dow Jones Analysis 7/6/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/6/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 6, 2009

Resistance Levels: 8600, 8700

Support Levels: 8250, 8200



The Dow Jones broke back below all three major moving average today and formed the right shoulder of a head and shoulders pattern. The neckline is 8200 intraday and 8250 on a closing basis. If the Dow breaks any of these two points, I feel we will go down to atleast retest 8000. All rallies back above 8500 should now be sold. Keep an eye on this situation next week! For More Technical Analysis - Go Here


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