Thursday, June 19, 2008

DOW: Hanging by a Thread

The DOW is looking so tired on the daily charts. It looks like it wants to fall down and capitulate doesn't it?

I really don't have a bias one way or the other as I think it's going to be the news of the day that decides tomorrow.

I've heard talk of a double bottom, but didn't we already get that from the Jan and March lows??? Triple bottom or do we rip even lower. Keep your eyes peeled and have our plans ready for either direction as it's likely to move quick in either direction.

DOW Daily Chart:

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