Friday, October 3, 2008


Only the NASDAQ made a new low today. The S&P 500 came REALLY close. We are now at 1,976.72, sub-2,000 once again. Volume is at 2.2 Billion from a high of 4 Billion. Ever since the ban, all exchanges basically saw volume dry up by about 50%. If one index makes a new low and the others do not, the divergence will soon be corrected.

Here we have a 4-year chart showing you where we are in the big picture. The next support level is at 1,900 (2005 levels) and it looks like we will hit it.

Don't forget to try out the Free Trend Analysis. It's FREE, so give it a shot!

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