The Dow in perspective - 11/20/08

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TSPking
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The Dow in perspective - 11/20/08

Post by TSPking »

The Dow closed at 7,552.29 today.

The Dow is down 444.99 points, or 5.56 percent, today.

It is the Dow's biggest point-drop since November 5.

It is the Dow's biggest percent-drop since October 22.

The Dow is off 19.01 percent so far this month.

The Dow is down 872.46 points, or 10.36 percent, in the last two days.

It is the biggest two-day point-drop since the two days ending November 6.

It is the biggest two-day percent-drop since the two days ending October 20, 1987.

It is the Dow's lowest closing value since March 12, 2003.

The Dow is off 6,612.24 points, or 46.68 percent, from its record close of 14,164.53 — reached on October 9, 2007.

Year-to-date, the Dow is off 43.07 percent.

(Source: Fox News and Dow Jones Indexes Media Relations)
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lionround
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A little more perspective

Post by lionround »

The S & P closed at 752 today. Resistance was at 750 and it want below that point a number of times today but came back. If it breaks below resistance and stays below it, the next major resistance level is at 702 and the one below that is 680.

I think we are a few months from the low unless we get to 680 before that.

I THINK 680 is the bottom. I HOPE it is. I PRAY it is. I REALLY don't know, but I HOPE.
I was sad because I had no shoes, until I met a man who had no feet.
So I said, "Got any shoes you're not using?" -- Steven Wright

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jeffvan1
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Post by jeffvan1 »

Only 30% away from 1929!!!!!!!

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tspgo
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Re: A little more perspective

Post by tspgo »

lionround wrote:The S & P closed at 752 today. Resistance was at 750 and it want below that point a number of times today but came back. If it breaks below resistance and stays below it, the next major resistance level is at 702 and the one below that is 680.

I think we are a few months from the low unless we get to 680 before that.

I THINK 680 is the bottom. I HOPE it is. I PRAY it is. I REALLY don't know, but I HOPE.


Do you mean "Support" instead of "resistance"?. Resistances level are above and supports are below.
Charts at www.tspgo.com

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Pro-Trader
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Post by Pro-Trader »

You know I read that and understood it.. but missed the two keys words were reversed.... LOL :lol: I must be getting old...
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RangerDave
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Post by RangerDave »

I believe he is right!!! Just wait till next week! That is why I have applied for a "TARP" bailout...

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lionround
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Re: A little more perspective

Post by lionround »

Do you mean "Support" instead of "resistance"?. Resistances level are above and supports are below.

Yes, sorry about that. S & P up to 800.03 today.

lionround

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