Hmmm ... yesterday we quibbled like lemmings while important happenings surround global markets.
Whether here on HC we like it or not ... Iran is going to drive global events in 2006 and the recent OBL tape will be seen as a masterstroke by a quietly spoken madman.
Tens of $billions are being wiped of Markets as we speak as participants flee ahead of the next expected insanity from the White House.
The chart is simply recording the action as news is driving Markets but there are a couple of noteworthy points.
The DOW failed at important psychological 11000 level and retreated overnight to critical 10700 level which was a major resistance level in 2005 until breaking thru and confirming as support on 03/01/2006.
If positive news in days to come, the DOW could rebound ... if not, then next major test at 10500.
Cheers ... tight stops.
This is only my view ... read the red stuff.
DOW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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