Chart

Tony asked me what I thought... with a failure of some kind of pennant or wedge after the wunderbar...

one would think we are setup for 3 nice Downbars. As they say Failed moves bring Fast moves

But support at 89, even doug Kass is talking Range bound... but I guess his lack of aggressive bearishness is good for the bear case...

Sharron Epperson was doubing the move out of oil....... HuZZaaaa a top nobody is ready for!!!

the fast money lunch call, still had bulls... but people were talking about broken charts.

most of these down days have been bear traps, 89 should be a pop... and who knows if traders will be willing to be short into the weekend... we may get some covering at the close...