If you're interested in some basic charting, take a look at the dollar close yesterday. What seems to be an upward sloping trend starter is really a hell of a red flag. Why? Because if you will note, the close of the dollar was at the very bottom of the range. This in spite of a monster day in the market, huge economic numbers, and more bad numbers from Europe and Japan. That chart is the reason you don't listen to the news or opinions when trading. I still say it's headed north, but I have zero bucks on the deal.