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Investing

Will November’s Lows Hold as Support?

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By Douglas A. McIntyre Updated Published
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As today’s market selling has picked up, we wanted to take a snapshot of some of the major November 20, 2008 and November 21, 2008 intra-day and closing lows for the major index levels in the U.S.

This morning we took a snapshot at 10:09 AM EST.  Guess which levels are being tested on the DJIA…  So far, the S&P and NASDAQ are still above those key levels.

DJIA   7,516.92    (-35.68; -0.47%)
DJIA NOV. 20, 2008 intra-day low was 7,464.51 and that was the lowest close at 7,552.29.  The next day the intra-day low was 7,392.27 but the market rallied up to over 8,000.

S&P500      784.62 (-4.55; -0.58%)
S&P500 NOV. 20, 2008 intra-day low was 747.78 and that was the lowest close at 752.44.  The next day the intra-day low was 741.02, but the market rallied up to 800.03.

NASDAQ     1,458.49 (-12.17; -0.83%)
NASDAQ NOV. 20, 2008 intra-day low was 1,314.90    and that was the low close of 1,316.12.  The next day the intra-day low was 1,295.48, but the market rallied to 1,384.35.

Jon C. Ogg
February 18, 2009

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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