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[mss]

The internals of the S&P are looking weaker and weaker. Yes we most likely get a good bounce or two, but until something happens we will decline overall. The first major stop IMO is 1178. Below are 3 charts suggesting decline.





There are 3 more charts over at TECH. WATCH and fib has a very interesting post about breadth.
Here is the link:TECHNICAL WATCH
Best to all, mss

[PorkLoin]

Hi MSS, Agreed that things are looking rather weak. There are sure a lot of Dollars floating around, but in the end I don't think that will hold the stock market up. It's taking a long time, but from the high in 2000 we went down, had a corrective rally into this year's high (in my opinion, of course), and now well may be going down again. A really bearish count is that from this year's high we went down, made an upwards correction to the June high, and now are soon to head South in earnest, in a third wave. Doug