has it broken out of rising bearish wedge?, page-4

Looking at the chart there hasn't been a time of three long red candles for a long time (July 2002 maybe?). Even in October 2007, when it fell faster and further than this week, the massive drops were interspersed with smaller drops. If it breaks through the 10,000 support it could go anywhere.

Claws, lol - your comments should probably be on the politics thread. (If Obama tries to tighten up the banking system he gets hammered, if he were to tolerate high risk "anything goes" banking he'd get hammered. Do you also credit him with the unprecedented pace of recovery in the market to now? If you replaced the word 'backbone' with 'the numbers in the legislature' you might be closer to the mark. If Bush and Obama hadn't propped up the financial system when it was collapsing, my guess is most of us wouldn't be on HC, we'd be swaggies on the road - lol.)