News of the Day

Tuesday, February 17, 2009

Dow is testing it's November lows where it's near 7552. If we break 7552 I think we'll see significant downside on the Dow because on the Dow yearly chart, I see a bear flag forming.

At this point, if we have a major catalyst like GM applying for Chapter 11, I think we'll see a significant downside breakout.

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