Dow Industrials Remains Well below 2007 High
The chart below shows the 23-day SMA for the Dow Industrials. There are around 23 trading days per month and this represents a rolling monthly average. It also smooths daily volatility. The March 2009 low was around 10% below the March 2003 low and the July 2011 high was around 10% below the October 2007 high. 12000 marks the first support to watch for this moving average.

Click this image for a live chart