This flying pig has started generating serially bearish impulse legs on the hourly chart, suggesting that something may be seriously amiss. A further downdraft today breaching a key ‘external low at 1414.50 recorded on 9/11 (se inset) would significantly compound the effect. _______ UPDATE (10:10 a.m. EDT): Suspiciously, stocks have opened this morning with a less-than-fabulous rally. When, on a given morning, DaBoyz are unable to squeeze 100 Dow points from spun jobs ‘news’, look out below.
