DJIA has left some room for doubt by not breaking its triangle and rallying back 180 points - not that that counts for much atm. My guess is a lot of people are predicting a breakdown to 7100-ish but would be wondering how much time they will have to accumulate stocks at that level - the 5 min chart I posted yesterday missed the low by a couple of hundred points. Even more difficult overnight. Perhaps any major dip with a bit of fear in the mix is a buying opportunity at these levels.
Unemployment is out before the open tonight - that's triggered a break down or two in recent times.
http://i38.tinypic.com/f9fcyo.jpg
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