Carter Worth - Stock Market CNBC Fast Money 10/6/08

CNBC Fast Money Guest: Carter Worth Chief Technical Analyst at Oppenheimer

We blew through the lows of 2004.....basically puts us back into a decent support area.

Carter is making a call that we are in capitulation phase of the latest decline and is calling for a rebound. S&P 500 has declined 17% on this recent leg down, just like the previous two legs down this year.

Carter made the case on Fast Money tonight for a temporary rebound in the US markets.

Carter Worth has been dead on calling the market declines over the past few years.....hes debated it live with people completely disagreeing with him like day and night.

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