ES at bottom of channel, if this ain't a bounce the deep kim chee is here

For nuclear buffs, this is a good writeup, like there actually might still be some journalism going on in the US.

http://www.pacificfreepress.com/news/1/9375-nelles-fukushima-update-august-1-2011.html

This is the S&P 500 futures, just now tapped the bottom of the channel, the 177% level.

If it doesn't bounce here, it won't

Notice also the longer term Head and Shoulders pattern that had just been broken (or confirmed), just like 2009 and 2010.   But maybe this time instead of a bear crushing fake-out, maybe this is the real thing and it will continue down.