IS A BEAR MARKET APPROACHING?

*click to enlarge Transports warned in late 1999 that something was wrong, they are doing it again NOT confirming the NEW DOW HIGHS and leading the way DOWN.

As we approached the all time high in the DOW, the number of stocks also hitting 52 week highs was already declining, and the strength was coming from a selective few stocks, large tech and a few multi nationals, this past week many of THOSE stocks appeared to have blowoff tops, GOOG, HANS, AAPLE, BIDU

Speculation was rampant in stocks like FSLR a chinese solar play up $50 in one day!

WED's decline had 94% downside volume, the 3rd 90% day in last 30 days, none have been followed by 90% up days, a sign of renewed buying interest. BUYING interest seems to be DRYING UP.

http://nymag.com/guides/money/2007/39952/ must read threats to our economy.

WHAT makes up for the $500B per year in consumer spending taken from home equity?

Finacials lead stealth bear market

Pity bounce may be near, it will get sold IMHO, AUG lows to be challenged

D