Zeev's Turnips Patch-No Politics (ZEEV)

[deuce bigalow]

Zeev, the markets have been trading in a range since june 25th, a lot of people got bullish for a rally (me too )in the last week, however today we took out some important dow supports, the financials are now the largest component of the SPX.

AXP looks like it is breaking down out of a triangle, a lot of people have noticed FNM has broken a 1.5 year triangle to the downside recently.

here is a chart the the financial spyders.

http://stockcharts.com/def/servlet/SC.web?c=xlf,uu[r,a]dbclyiay[dd][pb50!b200][vc60][iUb14!Ld20]&....

there is a lot of contrary sentiment going here, all three network nightly news opened with a story on the stock market slide, as did MS-NBC.com, which would indicate a heavy amount of bearish sentiment.

however, given that we broke some important supports today, unless the bulls take back control convingly tommorrow and recapture 9000, the dow seems to have that vacant space down to 8200 at the sept. lows.