news sound bad, but financial meltdown? notyet

Dear All,

I've updated the weekly Gann charts on the Dow Jones and All Ords since the last post 2 months ago. Since the last post, we had 2 new prime ministers in Europe and besides Greece, there are now these countries in the limelight: Italy, France, Germany, Portugal.

http://ozstock.blogspot.com/2011/11/technical-analysis-21-nov-2011-dow-and.html

The charts show in summary "... although the news sound hopelessly indicating a financial meltdown, the charts say Not Yet. "