Consumer sentiment lowest.

Rising food and gas prices dragged down a consumer sentiment measure to its lowest level in nearly 28 years, according to a survey released Friday.
Consumers are painfully aware that their living standards are shrinking under the weight of higher food and fuel prices and see little hope for improvement any time soon.In the past couple of months, personal income and personal consumption have been moving in lockstep.
If your income is only growing at the same pace as consumption, it just means you are holding even and more money is going to food and energy.Any leftover money from nondiscretionary spending and other living expenses is shrinking.
Tracking the Dow on Friday,30/05/08

9:30am--Bullish Gap up,20.0 points.
Just hitting the wires, April personal income rose 0.2% month-over-month, (consensus +0.1%), in-line with expectations.
10:30--Time to cover gap.
Chicago PMI, a regional manufacturing survey, rose 1.7% to 49.1. The results topped the expected reading of 48.5. It is the fourth straight month that the reading has reflected contraction in manufacturing activity in the Chicago region.Saw the shooting star high,open a sell-short position.
11:30am--(H12,690+L12,630)/2=(MAV12,660)
The engulfing bullish candle at this moment.,Close & open long position since we are below MAV.
12:30pm- Morning Doji Star
Investors are hesitant thus far to make a concerted move ahead of the weekend, demonstrated by the stock market's tightest trading range since October 2007-
1:30pm--Evening Doji Star
It seems three times of hanging at this top so decided to close sell-short at this point.Economic news ore events alsways happens at this hour.
2:30pm--Inverted small bull hammer below MAV.
Crude oil ended the session higher by $0.76 to to $127.38. Index aiming for a technical rebound to the Bull pivot.
3:30pm--Pullback to bear pivot.
Quite a volatile session.The inverted hammer again with 3 ascending bulls and than spike down.Traders unwind positions for the weekend.

4:00pm--The Hammer
Leaving behind the trail of a Hanging Man ,they might start next week on weaker note below the long tail shadow of the candlestick.

Stocks have mixed day, mixed month
Dell's earnings give a lift to the technology sector at the end of an uneven month on Wall Street.But the broader market struggled amid rising oil and gas prices, and a mix of economic news that did little to temper fears about a slowdown.The overall indicies are still bearish and quite a distance from the MAV unless a spectacular news can drive it to break the barrier.The bearish shooting star pair,looks like a Dark Cloud Cover and might look forward towards a weaker start.