Good news in....interesting to see how charting and news can...

Good news in....interesting to see how charting and news can often line up nicely fora confluence of forces. Indicators and double bottom where the only reason for me to buy. Looks like we may just hold up today in an otherwise dire looking market! We'll see.

I was just charting / looking at the DOW and see the 200 day moving average is going to meet up with the neckline on a massive head and shoulders pattern on about August 1 or 2 forming another lovely synchronistic chart with potential debt default news! i.e. markets will likely fall and then bounce off 200 day just as news appears. Beyond that though.... urhgh