Monday, March 10, 2008

next test, 2006 lows

We closed at the lows of the session today after a small gap down across the boards. Below these levels we have June and July 2006 lows to contend with. A break-down of the indexes is as follows:
S&P500 is 19+% below October '07 highs and 4.25% away from June '06 lows.

Nasdaq is 24+% from October '07 highs and 7.2% away from the lows of July '06.

DJIA is 17.3% from October '07 highs and 9% away from July '06 lows.

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