Another leg down in the works?

Taking a look at the daily chart of the Dow Jones Industrial Average, we see that the index has recently been waning back towards 12,000. This are is critical support for the index; a close below would be significantly bearish. What's more, many indicators, including slow stochastic appears weak at the present moment. While the index has not confirmed another breakdown yet, it is time to be very careful.

Exit is everything.

3/4/08