The target provided in the Mini-Dow for bottom-fishing could prove to be useful analytically as well, since its breach would open path to another 63 points of downside.
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Rick’s Picks is a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
Rick Ackerman is the editor of Rick’s Picks and a partner in 
Goldman Weakness a Noose Around Bulls’ Necks
by Rick Ackerman on November 20, 2009 8:16 am GMT · 15 comments
In a moment, I’ll get to the deadness of Goldman shares and the fatal implications this may hold for U.S. stocks. But first let me share with you a link to “The Day the Dollar Died,” an extraordinary (and scary) script for a day that is probably coming. The author is a blogger named John Galt, and he has described in detail what will happen when the dollar collapses. Readers of these commentaries will know that we expect this to happen in mere hours, not weeks or months. Galt’s scenario, as the title suggests, plays out so swiftly that » Read the full article