Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/20/09Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 20, 2009
Resistance Levels: 9438, 9500
Support Levels: 9040, 9000, 8800
http://stockcharts.com/ - Chart
The Dow Jones keeps surprising people as it retests the 10 day moving average. A lot of people are calling for a pullback so they can buy back into the market right now. A close back over the 10 day moving average would be very bullish and could send us back to retest the recent 9438 high. Tomorrow we will get an initial jobless claims figure which could really move the market one way or the other. As long as the Dow Jones remains over 9000, I am bullish. A close over 9438 will set up another big short squeeze in my opinion. Watching this closely! For More Technical Analysis - Go Here
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