Below is Technical Analysis for the Dow Jones Industrial Average ( DJIA ). All information is based
on my sole opinion. I use technical analysis to identify where buyers and sellers are likely to exist. These
areas are what I refer to as support and resistance levels. Technical Analysis allows me to form a game plan before
a trading session. It also allows me to indentify the current trend of the overall stock market ( Uptrend or Downtrend
). Most successful investors and traders use technical analysis on a daily basis. While technical analysis can
get really technical, I only use high and low points as well as three moving averages ( 10 day, 50 day, 200 day moving average
). In addition to the moving averages I use for the Dow Jones, I also look at volume.
