We certainly have a theme going in the market: the slowdown theme.There are plenty of folks out there who think the economy is doing just fine but when you pin them down, there is quite a consensus view that Katrina will take approximately 1% off of GDP in the quarter. Now, the bulls expect it will not upset the growth in the economy; they believe it will be a one-off event in the quarter and then we're back on track. The bears have a different view in that they believe we are just going to fall off a cliff. I thought of this as I looked at the chart of crude oil Thursday. You see, we are beginning to hear folks use the word stagflation when it comes to the economy. The gist I get from all this economic chatter is that they think prices, crude included, are moving higher while growth is slowing. I am a mere chart reader, but when I look at the chart of crude oil I wonder why no one is discussing the head-and-shoulders top developing in this chart. This won't be a completed pattern until the chart breaks that $62.50 level, but note that I have also drawn in an uptrend line. Most folks have that uptrend line drawn in and they can see clearly that a break of $62 will break the uptrend, but if we break $62 we will be breaking two important technical patterns with an uptrend line and a neckline at that level. A break is always more important when it breaks two things, not just one. If we use the numbers of a high of 71 and a low of 63 (remember, these are not exact, they are meant to be general areas) we get 8. Then we can subtract 8 from 63 to get 55.