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Charts, Stock Picks, and Technical Analysis from an Online Stock Trading Veteran

October 16, 2008


1929 DOW Bottom?

Filed under: Stock Sector — Online Stock Trading @ 6:31 am

Yesterday’s record plunge made the possibilty of hitting max pain on options pretty tough this month.  The market now looks as if it could test 930 SPX today, but that may be a chance to short into next week, where the lows of last week could be breached.  GOOG reports tonight, so who knows.  I did find this chart of 1929 interesting though.  Compare it to the DOW today.  Courtesy of Quantifiable Edges.

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