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Sunday, August 03, 2008

Two Years of Nothing: Bear Market Update

Bob Brinker has been fully invested since March 2003. Today we are in a bear market. The S&P500 at 1260 today is a bit lower today than it was two years ago and it is down 20% from "double top" it made about a year ago. I think this chart is worth many thousands of words.
Click charts courtesy of stockcharts.com for full size images

Note in the chart above I show the 200 DMA [200 day moving average or MA(200)] for the S&P500. During the bull market, the 200 DMA is support but during bear markets, it becomes resistance.

2007-2008 Bear Market Statistics 08/03/08

S&P500 Chart
Last Market High 10/11/07 at 1,576.09
Last Market low 07/11/08 at 1,200.44
Current S&P500 Price 1,260.31
Decline in Pts 315.78
Decline in % 20.0%
Max Decline 23.8%
  • =>This means the decline from intraday high to intraday low is 23.8% and we are currently 20.0% off the peak.
  • =>The decline in the S&P500 from the closing high to the closing low was 22.4%... so far! Lets hope that is all.
DJIA Charts
Last Market High 10/11/07 at 14,279.96
Last Market Low 07/15/08 at 10,827.71
Current DJIA Price 11,326.32
Decline in Pts 2,953.64
Decline in % 20.7%
Max Decline 24.2%
  • =>This means the decline from high to low has been 24.2% and we are currently 20.7% off the peak.
  • =>The decline in the DOW off the closing high to the closing low was 22.6%

NASDAQ Charts
Last Market High 10/31/07 at 2,861.51
Last Market Low 03/17/08 at 2,155.42
Current NASDAQ Price 2,310.96
Decline in Pts 550.55
Decline in % 19.2%
Max Decline 24.7%
  • =>This means the decline from intraday high to intraday low is 24.7% and we are currently 19.2% off the peak.
  • =>The decline in the NASDAQ off the closing high to the closing low was 24.1%
Lets hope the bottom is in and Brinker does not get an opportunity to issue yet another buy signal in the 1100s or lower!

Click the flag pictures to see



Major World Market Graphs At A Glance: Daily 5 Days 1 Yr

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