The truth About the Market -

After sitting on the pedestal of the best or only performing stock market recently the Dow finally gave up by a whopping 800 points in one day. This has everyone sitting up. But the pattern was very similar to that seen in India. First for months the new highs were accompanied by very few stocks and then the small cap index started to crash and now the Dow itself. However months ago I published this chart of the rounding top formation that Old school technicians will call a saucer top or bottom [ref: john magee]. This is called so as it is a classic distribution pattern. That it looks like a Dow Smiley is just my imagination. and that the volatility inside the pattern goes up to make for some sharp Dracula tooth is a good tell on what the market has in store for you. There will not be blood on the street unless it is first sucked out of you.

Presenting the Dow Smiley