**New closing low for the DOW for the move, we didnt get snap back rally today as promised. ALL the action taking place under the 200 EMA....technical picture not so hot.
Todays down volume was actually a heft 86% of total volume *(revised 5:43 pm)
Certainly stocks can rise, and will fight the newly established decline...but that day wasn't today.
HUSSMAN FUNDS DIALOGUE "BANDAIDES"
"A few observations. First, I remain convinced that the other shoe to drop is not Greece or Spain or Hungary, but rather a second wave of major credit strains here in the U.S. related to fresh delinquencies from exotic adjustable rate mortgages."
Sales of umbrella's going through the roof.
Just as mortgage rates fall to near historic lows......sales of homes drop to 13 year lows....V SHAPED IS IT?
D
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