Serious investors track four major indices: the Dow Jones Industrial Average, the Standard & Poor’s 500, the NASDAQ Composite, and the Russell 2000 (a small-cap index). No matter how you slice it, the markets are doing just terrible. Not even President Obama’s call to buy stocks could keep the slide from continuing. Where are the next resistance points, at least beyond the arbitrary round numbers?
On the following pages, I decided to put up a few key historical closes. Two of the indices (the DJIA and S&P 500) have already gone below the Dubya-era lows. The other two aren’t all that far off them. The really-bad news is there’s still room to crater.
