Lehman chart said everything

Yesterday's call with this chart was right on the money.
Following the break of the important trendline, something was getting seriously wrong at Lehman. The chart says it all. The Big boys cannot hide it from the price action.
What concerns me most, is the stock couldn't edge back up to its trendline. This tells me Lehman has more worse news to come and is headed below $5.
------------------------------------------
Lehman news and strategic initaives:

Lehman Brothers Holdings Inc., reporting the biggest loss in its 158-year history, said it will sell a majority stake in its asset-management unit, spin off real-estate holdings and cut the dividend in an effort to shore up capital and regain investor confidence.

Lehman fell almost 7 percent in New York trading after posting a $3.9 billion third-quarter loss on $5.6 billion of writedowns, worse than the $2.2 billion loss analysts had predicted. The company said it's auctioning off about 55 percent of the asset-management group, including fund-manager Neuberger Berman, and didn't name potential bidders. The real-estate spinoff is expected to be completed in the first fiscal quarter of 2009, according to a statement today.
Source:Bloomberg