US markets may correct further

DJIA joined the rank of stock markets that have violated their 20-day SMA.


Chart: DJIA's daily chart as at 16/6/2009 (Source: Stockcharts.com)

PS- This post was earlier entitled "Calling Plunge Protection Team...". On second thought, I think it is inappropriate. The mission of this team is suppose to be the prevention of a catastrophe, similar to the Black Monday, from hitting the US capital markets. For the unconventional take on the role of this team, check out John Mauldin's article of the same title.