Mr.DOW in COMA.

Mr Dow is now at risk and is in coma.The Friday's pulse reading shows that it is going to fall near the life-support level before the last waltz will by sung by Miss Jones.---http://www.youtube.com/watch?v=4hxdRva7lGo
http://www.youtube.com/watch?v=a4E_XxurW5M
Investors scrambled to find relative safety this week in pharmaceuticals, healthcare and consumer staples, considered more resistant to a recession. Telecoms and technology stocks were sold.
The current readings of the Dow which is the barometer of the health of the economy shows that it's no more a depression but a full blown-out recession.The whole body immune system has deteriorated and the credit related problems have spread downstream into the broader economic parts of the whole system.It's struggling to breathe the fresh air minus the oxygen support system.
Investors next week will take their cues from earnings and forecasts from leading financial firms such as Citigroup Inc;US Bancorp and State Street Corp.(TUESDAY) and J.P. Morgan Chase along with Wells Fargo Co.and Dupont.(WEDNESDAY)
Northern Trust;Washington Mutual;Merrill Lynch, Bank of New York and PNC Financial report on THURSDAY. General Electric (Friday)
Intel earnings on Tuesday along with IBM's results on Thursday could also further test recent market hopes that the technology sector might continue to benefit from global growth even as the U.S. slows down.
Other Important economic data:-
Tuesday--December producer prices, retail sales and a key business survey in the New York region.
Wednesday will see the release of the December consumer price index, industrial production data, a housing market index, along with the Federal Reserve's Beige Book of economic conditions.
On Thursday, December housing starts, weekly jobless claims and the Philadelphia Fed survey will be released.
Friday will bring a key consumer sentiment survey along with leading economic indicators.
As this is the 3rd week of the month with the 3rd Friday being the expiry of Dow Index futures,it is quite possible that since the start of 2008, the Dow has now lost 658.52 points, or 5% might be the spillover of previous year December'07 half-month to complete the manipulative month's settings.Thereupon a new beginning starts!!!
Tracking the Dow on Friday,11/01/08.
The Dow has its steepest first-eight-sessions-of-the-year slide in 17 years, as write-downs and slashed earnings forecasts signaled slowing consumer spending and sparked increased talk of a recession. At the close was another bearish hangman to be sent to the guillotine again.
Fear of bankruptcy at Countrywide Financial led to a 238-point plunge in the Dow on Tuesday, followed by another big drop Friday, even as Bank of America said it would buy the troubled mortgage lender for $4 billion.
The very bearish hammer might see the Dow touching the Main Bear Pivot before the market seek a reprieve again possibly near the expiry of the index futures and options on Friday.