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Wednesday, August 5, 2009

Dow Jones Analysis 8/6/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/6/09

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

Resistance Levels: 9500

Support Levels: 9168, 9040, 9000, 8600



The Dow Jones came within 40 points of the 10 day moving average before bouncing. As long as we remain over this level, we can shoot higher at any moment. One of these days we will close below the 10 day moving average and retest the 50 day which would be very healthy and a great buying opportunity. The next major resistance is currently up at 9500 followed by near 9800. Keep an eye on the 10 day moving average! For More Technical Analysis - Go Here


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