Chart of the Day Continued concerns over the tightening flow of credit in addition to renewed worries of a deeper than expected recession encouraged investors to sell stock today with the S&P 500 down 4% and the Nasdaq down 4.5% on the day. For some perspective on the current state of the stock market, today's chart presents the prevailing trend of the Nasdaq. Today's chart illustrates that the Nasdaq trades with in the confines of its one-year downtrend and is currently testing support (green line). It is worth noting that the Nasdaq is currently trading lower than where he did at the beginning of 2004. Notes: - Where's the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus. Source - Nasdaq Rate today's Chart of the Day Excellent    5    4    3    2    1    No good By voting every day you help us get you the charts you want to see. Quote of the Day "Trade what you observe, not what you believe." - David Nassar Events of the Day October 06, 2008 - Supreme Court session begins October 08, 2008 - Yom Kippur October 13, 2008 - Columbus Day (observed) Mailing List Info Chart of the Day is FREE to anyone who subscribes. -- To subscribe, enter your email address -- To unsubscribe, simply fill in our unsubscribe form. -- To change your email address, first subscribe with your new email address and then unsubscribe your old email address (as described above). Chart of the Day is provided to subscribers without warranty of any kind and accepts no responsibility for its accuracy or for any consequences of its use.

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