Sunday, June 22, 2008

The Cross of Death

The loss of over 400 points last week for the Dow on the surface appeared to be yet another temper tantrum on the part of the bulls to more bad news: monoline implosion, ugly economic data, earnings from Goldman that weren't enough to lift the market, etc). Going into Monday's session the market faces a test... a real technical and fundamental test. There are some deep seated issues that bulls must confront. And if things don't shape up soon we're talking about the dreaded cross of death appearing once again - not seen in many years.

What do I mean by the cross of death? (To read more, please subscribe by clicking here. Thanks!)

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