06 June 2008

Charts in the Babson Style for Market Close on 6 June 2008


A big jump in the unemployment statistics coupled with a decline in the dollar and spikes in precious metals and energy contributed to a significant D Day anniversary, in this case with "Decline Day." However the correction came after a muli-day spike higher so that the technical damage on the charts is limited, with the major hits showing on the big cap and financial weighted charts.