A look at the Dow's status

You have no doubt seen this little potential head & shoulders elsewhere, so there is no new ground being broken here. But here is its current status showing a little hammer of hope trying to get the heck over the neck (blue) line.

This market has been flashing warnings for a long while, both in the rounding look of the nominal indexes and associated momentum indicators and especially in our vital indicators like the Gold-Silver ratio, which is up again this morning.

Here is the Dow showing downside support as well as a measured target for the H&S in the event it becomes actualized. Risk vs. reward in being bullish much of anything right now stinks. I continue to protect certain gold positions with well chosen (I hope) short positions. This is not a drill people, this is war; financial war. Be ready for anything.