Dow Jones: On the Edge
The Dow Jones has been swimming in shark-infested waters for the past week, and today may have been the day the sharks finally grabbed ahold. The chart has been forming a bearish pattern, which was highlighted in our previous blog article, http://blog.qualitystocks.net/?p=11697. After the near 200 point drop today, the chart is now sitting right at the support trendline that needs to hold in order for the bulls to still be in charge (yellow circle). The next few days will be critical in determining which direction the overall markets will choose to head. Dow Jones Annotated Chart: http://Blog.QualityStocks.net/wp-content/uploads/2008/08/picture30.png If the…