Market status as of Thursday Nov 1, 2007 End of Day

The Dow Jones Index, DIA and SPY crossed below the 50 day moving average pink line.

This is a very bearish sign for the indexes.

Suprisingly, the QQQQ which mirrors the NASDAQ is still above the 20 day blue moving average line.

For now, it is safer not to buy any new stocks. Tighten your stops on your current long positions if you are not stopped out already.

Start looking for good stocks to short