Today we will analyze the index Dow Jones Index (DJI) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Dow Jones Index (DJI)
1- Last bullish trend was from 12,715.93 $ (4/10/2012) to 13,279.32 $ (5/1/2012) a 563.39 $ move 2- The current bearish trend started from 13,279.32 $ at 5/1/2012 and is currently trading at 12,835.06 $.
3- DJI current support level is at 12,715.93 which is the 100.00 % fibonacci retracement of the last 563.39 $ move.
4- DJI current resistance level is at 12,931.14 which is the 61.80 % fibonacci retracement of the last 563.39 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Dow Jones Index (DJI) Short term stock chart patterns for internet stock trading :

6- The Index formed Double Top Pattern at 13,279.320 .
7- The Index formed a 1,498.230 $ height triangle which was broken down at 12,932.090 in higher than usual volume, target of the pattern is 11,433.859.
Dow Jones Index (DJI) Mid term stock chart patterns for internet stock trading :

8- The Index traded in a bullish stock channel identifed by support at 11,231.780 and 10,655.300,resistance between 12,231.110 and 11,613.530 which was broken down at 12,835.060 in higher than usual volume.
Dow Jones Index (DJI) Long term stock chart patterns for internet stock trading :

9- The Index was supported by a support line, identified by two points: 10,655.300 and 9,686.480, and is currently supporting at 11,118.248.

Stock Trading Conclusion:
Dow Jones Index (DJI) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 12,931.14, 12,939.91, 12,946.05, 12,978.34, 12,997.63, 13,004.77, 13,057.19, 13,064.11, 13,109.61, 13,146.36, 13,279.32, 13,283.77.
Stock Support levels : 12,715.93, 12,562.69, 12,367.75, 11,433.86,.