You know when everyone else is on the same page, then things is about to change. The doomsayers have been at it for a few years but the now the main stream media has nothing but negative news.
What's more, many online newsletters are so gloomy. They have good points about debt that cannot be solved. Looking at the fundamentals in the financial debt - it all appears hopeless.
So tonight I just updated my Gann Angles charts for the Dow and All Ords and surprisingly, there appears to be support angles for the All Ords and possibly the Dow. It seems possible for things to find support in Oct 2011 with the All Ords bottoming at 3800 and Dow at 10,200 or so.
Check out the graphs at:
http://ozstock.blogspot.com/2011/09/technical-analysis-dow-and-all-ords.html
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- bottom may be in october 2011 - gann angles
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