Dow Could Hit New Lows in Dec: Analyst

6:35 AM ET Thu, 6 Nov 2008

The S&P 500 index is to head higher from here for the short term, but be careful of the "exceptionally sharp turns", according to Tom Hougaard from City Index. However, if the index falls below 900, then the Dow could hit 6,930 by mid-December, Hougaard warned.