CLOSEUP OF RECENT S & P 500 BREAKDOWN

*Click to enlarge.

Now, do we go and see if 740 can hold? TUES was ANOTHER 90% DOWN volume day, we can conclude the DESIRE to sell has not been vanguished, but has desire to buy?

NONE of the GOV bailout prgorams address the core of the problems, we've infected the economic universe...NO easy way out!

During last "mild" Recession Consumers NEVER stopped their credit binge, so what does FED DO? LOWER rates to 1% and hold them firing up the now defacto defuncto REAL ESTATE BUBBLE.....so now we must heal and pain is multiplied.

PLEASE stop seeing the gov and FED as rescue and for what they are THE PROBLEM!

D