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Wednesday, November 5, 2008

Dow Jones Analysis 11/05/08 - Stock Market Technical Analysis


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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