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Chart of the Day
The Nasdaq is currently down 14.5% since putting in a secondary peak 11 weeks ago. For some perspective on the current state of the stock market, today's chart presents the prevailing trend of the Nasdaq. As today's chart illustrates, the Nasdaq has been and continues to trade within its 17-month trend channel. However, the recent selloff has brought the Nasdaq down near support (green line) which is currently being tested.

Notes:
- Will the Dow crash? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.


The current Nasdaq trend is being challenged
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Quote of the Day
"It is a capital mistake to theorize before one has data." - Sir Arthur Conan Doyle

Events of the Day
September 23, 2011 - First Day of Autumn (Northern Hemisphere)
October 03, 2011 - Supreme Court session begins


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