Interestingly, EWFF sees a "diamond" (i.e., bearish) in the stock market's sideways shuffle over the last two years. The editors say that they spotted the same thing in July 2000, citing the chartists' bible of an earlier generation: "In their classic work 'Technical Analysis of Stock Trends,' Robert Edwards and John Magee note that the diamond pattern is extremely rare and exceptionally bearish." And they do mean exceptionally bearish. EWFF says the Dow Jones Industrial Average ($DJ: news, chart, profile) could go below the 7000's level seen after the 2000 diamond. In the current climate, a close below 10,300, they say, would be a bad sign.