Dow, daily
Sp,daily5
Transports
Summary
The tranports was again particularly weak today - it sure is more volatile than just about anything else out there. Near term trend is most definately downward.
The broader sp/dow showed a touch of weakness into the close, but it remains all noise.
Downside targets for this Thur/Friday morning, are dow'12800, and sp'1380. I expect a bounce post-Bernanke this Friday and into next Tuesday (Sept'4).
A little more later.