October 13, 2008 Daily

All of the markets are still below their moving averages. Even their short term moving average. All of the markets would still be labeled as down as far as their trend lines.. Today had low volume since it was Columbus day. This is also options week so it could be high volatility. All of the charts are shown below. The only positive that shows we can be at an end to the down trend is that the volume was high on Friday and it started out considerably down and changed direction. Several Doji formations.




Direction of the Trends
Long Term - Up if 10 month moving average is up and Close is above 10 month moving average.
Flat if Moving average is up and Close is below Moving average or Moving Average is down and Close is above Movin average.
Down if Moving average is down and Close is below Moving average.

Mid Term. Same as Long term only on a 10 Week Moving average

Short Term - Same as Long term only on a 10 Day Moving average.

	Long	Mid	Short
DJIA	Down	Down	Down
S&P 500	Down	Down	Down
Nasdaq	Down	Down	Down
Russell 2000	Down	Down	Down