Tuesday, January 8, 2008

Dow

There is room for a rebound, but it does not look like it has the makings of anything sustainable. I wouldn't think the 'potential' H&S top will become a realized H&S top without at least a fight from the bulls. Edit (4:07) Neck line broken (same w/ SPX), at least for now and Dow joins the Trannies, SOX and Nasdaq in Palookaville. This is err, not so good. Can you imagine the panic that could set in if the likes of CFC & ETFC are mere dominoes on the Ponzi-financial landscape?