double bottom, page-16

path of least resistance is down . no V bottom recovery here . controlled selling likely to get out of control soon enough . bottoms need a blowoff / exhaustion , nothing to indicate that here . any rallies are sells till we get capitualtion again . if this support doesnt hold there are a lot of bulls out there to be fried in a squeeze . rallies more than likely be short covers rather than genuine buyers imo. investors to be smashed at least once more before any bottom likely to be declared . dow transport has lost the support line and i fully expect djia to follow suit .