is it heading down today , page-5

The US market is, I believe, effectively on hold while solutions or not to the financial mess are sorted.

So there is no long-term or even medium-term investment outlook. In the absence of certainty, investors who can't see past the daily 4 pm close, are selling, and of course pushing down the DOW.

The uncertainty is playing havoc with prices...for commodities, for currencies.

But no stable, medium- or long-term pattern is in place for prices during this instability.

What is down today can be up sharply tomorrow. And vice-versa. Witness the roller-coaster ride of oil....The roller-coaster ride of equities.

That is why I scoff at SP projections, up or down. They are guesswork.

Sometimes ridiculously so.

Charts can be like roadmaps. A map shows that if you leave Melbourne at 0 kilometres and follow the Hume highway you'll be in Sydney at 800 km. (The share prie is at $37 and if it keeps falling it could hit $31).

But there is nothing on the map to say you MUST follow the road all the way to Sydney. :)