That wasn't the original chart I posted, but if the one below don't hold (assuming we get there in the coming dayz), the fork (in the link above) comes into play low 9000s
http://stockcharts.com/c-sc/sc?s=$INDU&p=M&st=1997-01-01&i=p86455584804&a=146852148&r=1579.png
A coupla others for the value oriented investors:
NYSE
http://stockcharts.com/c-sc/sc?s=$NYA&p=W&yr=10&mn=0&dy=0&i=p02427769395&a=128431582&r=7829.png
NDX...that fib zone's been there all along
http://stockcharts.com/c-sc/sc?s=$NDX&p=D&st=2004-07-01&i=p83661470371&a=92114224&r=8643.png
Also, thought it was interesting to see that margin requirements are being raised for US gov't bond futures....guess they're anticipating increasing/further volatility? Wonder which way?
Finally, I have a hunch that one of the 2 last bulge bracket Ibanks is gonna be the last of this mess for a long while.......I hope it don't happen, but keeping a close eye on them. Should we see that in the coming week or 2, I'll be buying hand over fist......cash is king until it's not and most of my funds have been very patiently awaiting the time to become a liquidity provider
I sense it's just 'round the corner for an IT trade.......
