20070814 1105. YM futures daily charts shows the bearish breakout formation. Changed since two weeks ago, but is nevertheless a bearish formation breakout.

It was interesting how on 13 August, the TV business news channels were expousing the Goldman Sachs US3 bn injection into one of its hedge funds were "painting a positive tone for the US stock markets" to rebound. Well it is now clear that the market saw this as a bailout and a negative factor.