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suzyHomemaker

06/26/08 1:26 PM

#1682 RE: ken2ak #1681

I'm not nearly that confident - LOL!!

I'm playing with a very tight stop.
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suzyHomemaker

06/26/08 1:37 PM

#1683 RE: ken2ak #1681

Sorry ken, forgot to finish my post!!

Here's a weekly chart of the dow:

http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=1&mn=3&dy=0&id=p44384875858

See how we have taken out the 150wma and are now below the 200wma? That's bad. If it doesn't rally into the close today it could get much worse very quickly IMO.

I'm hoping the "powers that be" will try and stop it here but I'm not going to bet my knickers on it :)