market reversal

Technical analysis avoids examining news and fundamentals -- it just looks at various trends and levels. And right now, the movements of key technical signals in the U.S. stock market are extremely negative.

Yesterday White House economic advisor Lawrence Summers expressed cautious optimism that the sense that the American economy is in free-fall would abate within the next few months. Now a survey of 53 economists by The Wall Street Journal (subscription required) shows that this group shares his...