By Tim - http://stockstobuy.org
Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/22/10
Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 22, 2010
Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 22, 2010
Resistance Levels: 10389, 10407, 10594, 11,000
Support Levels: 10,000, 9,750, 9614
http://stockcharts.com/ - Chart
The Dow Jones continues to hold 10,000 on this latest pullback and the 10 day moving average is getting ready to break above the 50 day moving average. This is very bullish for a further rally. The Dow Jones has also been hitting resistance at the 200 day moving average now located at 10389. If the Dow Jones can close above 10389 as well as 10408, I think the lows are in for the year and the stock market can begin a new uptrend. A close below 10,000 again will set up another retest of the lows.
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