The Dow Jones posted a huge loss today, but it's still trading in the channel (the channel being defined by the two green lines, the Bollinger Bands in the biggest graph). Tomorrow will be a test to see if it rebounds or continues to fall (my guess, the latter). Hopefully we'll see a bounce around 10,900...

NASDAQ looks sad. Down, down, down we go.

Looks like the S&P 500 also blew past channel trading and is probably looking for support around 125.

It doesn't look like we're going to find stabilization in the markets this week. Hopefully Friday will give us some sort of indication of buying strength.

Something very interesting:

Around April 24th, we see a huge gap up in Barnes stock (I own Barnes, by the way). This was in response to a great earnings report. If I had taken the time to examine this chart, this was a classic exhaustion gap. I should have cashed out at $47. Given the tough market conditions, I can't expect a rebound on this until market sentiment becomes positive again. Oh, the lessons I learn.

In any case, the rest of the week should provide some interesting charts for me to study.