The following chart is Technical Analysis for the Dow Jones Industrial Average ( DJIA ). After a huge run up in the stock market over the past week, reality is setting back in as we face a deteriorating economy. The question is, has the market already priced in the bad news? We will find out on Friday for the Jobs Report & Unemployment Number.
Current Stock Market Prices 11/05/08:
Dow Jones - 9330 Down 294 points
Nasdaq - 1725 Down 55
S&P 500 - 974 Down 31
Check out Art Cashin's S&P 500 levels to watch.
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