October 2008 Monthly Analysis

On all of the markets, it shows that we are in a bear market. The charts below show that over the last 9 months, the market has been below the 10 month moving average. This month was the worst.

The DJIA is shown here.
Below is the S&P 500. Once again there is only one month in the last 10 that even had a brief time above the 10 month moving average. Not anticipating any time soon for it to be above the 10 month MA again.
The Nasdaq also is showing a bear market. It really hit this month for the Nasdaq. It is going to take a lot to bring it back up.

The final is the Russell 2000. Once again it shows something very similar to the Nasdaq. The Small Caps were not being hit as hard as the Large Caps until now.
All of the markets are in a Bear market now. It is farther ahead to trade from a bear perspective.