Should the S&Ps and Dow establish a very slightly higher high, Toni Hansen believes that the door then will be wide open for a much larger correction off highs into the early half of 2008.

“Pushing on a string” is an expression that describes what happens when a deflationary spiral gets out of control. The financial authorities can offer more money on better terms, but the banks and the borrowers are already having trouble paying off the debt they’ve got; they don’t want any more. Besides, they’re not too sure that others will be able to pay their debts either.

The US dollar, equity markets, and Treasury yields could stand to gain as annualized GDP for Q3 is expected to be revised higher on Thursday.

Toni Hansen is leaning towards more upside on the 60-minute charts because of rounding lows.

The US economy is not out of the woods.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for November 28.

Tim Bourquin interviews Pinoy Trader, who talks about the strategies he uses, and how he measures his own success in the markets.

Strong inflation pressures have thus far left the European Central Bank maintaining a hawkish bias. However, downside risks to growth, instability in the financial markets, and the rapid appreciation of the euro has also left the bank quite unsure of what to do next.

Toni Hansen writes that the door is open for even more selling this week as Monday's breakdown follows through.

The Dow plummeted 237 points, 10-Year US Treasury Bond yields fell to the lowest level since March 2004 ,and the US dollar fell to a fresh two year low against the Japanese yen.