Tuesday, September 23, 2008

Pondering the Last Wrench in the Tool Kit

Here’s some cogent technical market analysis.  I recommend learning the skill of chart reading for anyone interested in the financial crisis.  And if you still have money parked in stocks...get it out and buy some gold!  --ed.

Pondering the Last Wrench in the Tool Kit
BY FRANK BARBERA, CMT

It is my view today that the state of affairs hangs in a precarious balance. All eyes are on Washington with Senate hearings this morning featuring Mr. Paulson and Mr. Bernanke making their pitch to the Congress that the $700 Billion dollar Resolution Trust Corp (B) be passed with a matter of great urgency.

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