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Monday, August 31, 2009

Dow Jones Analysis 9/1/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 9/1/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - September 1, 2009

Resistance Levels: 9600, 9631, 9654, 10,000

Support Levels: 9457, 9275, 9100, 9000, 8934



The Dow Jones is back testing the 10 day moving average as we go into Sept which is the worse month for stocks. As long as the Dow can continue to close over the 10 day moving average I am bullish. If it does close below the 10 day, I will get cautious and wait for a further pullback possibly toward the 9000-9100 level. A close above 9600 any time going forward would be very bullish and you will want to be covering any shorts. For More Technical Analysis - Go Here


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