The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/9/09Dow Jones Support & Resistance Levels - February 9, 2009
Resistance Levels: 8446, 8467, 8500, 8750
Support Levels: 8113, 8000
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The Dow Jones closed above the 10 day moving average Friday, a similar daily move just like Jan 28th. On Jan 29th, the Dow gave back all of the gains. We'll have to see if the same trend plays out on Monday, Feb 9th. The Dow has resistance at the Jan 28th high of 8446 and also the 50 day moving average at 8467. If the Dow can break through these levels and close over 8500, it would signal a trend change and i'd expect the Dow to test 8750-9000. Support is now at the 10 day moving average at 8113. For More Technical Analysis - Go Here
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