Patiently Waiting For A Pop (at Forbes.com)

David Penn, TradingMarkets.com 10.06.08, 11:26 AM ET Stocks ended last week on a decidedly negative note, losing what were impressive midday gains to finish significantly off their highs and in the red for the session. It's hard to imagine a more disheartening scenario: Just as the House of Representatives is dragged, kicking and screaming, into signing off on the controversial, multi-hundred-billion-dollar financial bailout package, the markets, which had been virtually soaring in the hours leading up to the vote, began to run out of steam, stop, and then--to the horror of many observers--begin to reverse and fall back. After being up more than 300 points, the Dow industrials finished down on the day. From a traditional technical perspective, both the Dow and the S&P 500 are tap dancing on support lines that do not look... [read full story]