TSG – Technically troubled Dow…

Dear Trader,

TSG Stock Market Letter
Week Ending June 27, 2008
Topics Discussed This Week:

* Stock declines accelerate…
* As the leaders roll over
* Home price declines still accelerating
* Earnings worsen again for Q1-08
* Key Dow head & shoulders support broken
* Pollyanna argument takes another hit

Quote of the week
“Never before have … Dear Trader,

TSG Stock Market Letter
Week Ending June 27, 2008
Topics Discussed This Week:

* Stock declines accelerate…
* As the leaders roll over
* Home price declines still accelerating
* Earnings worsen again for Q1-08
* Key Dow head & shoulders support broken
* Pollyanna argument takes another hit

Quote of the week
“Never before have so many spent so much for so long with so
little reference to current income.” – James Grant

Blue chips fell every day but one again this week as surging
crude prices and more bad financial and earnings news took their
toll on equities and investor sentiment. In the process the Dow
Industrial Average broke through another key support level (see
below) and suffered its worst single day in decades. Unless we
get a sizable Dow rally Monday, this will be the worst June for
the index since 1930.

So what are the charts telling us is ahead?

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To read this week’s STOCK letter, please go to
http://tradesystemguru.com/content/blogcategory/34/68/
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To read Matt Caruso’s INTERMARKET REPORT, please see
http://tradesystemguru.com/content/blogcategory/35/69/
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