The pullback today is expected, and the broad market, especially the
financial sector, is fairly strong. Probably people were very positive
to the passage of $700B bailout by both the senate and house. Will the
government intervention change the big picture? Yes, the near-term
outlook is certainly bullish as everyone believes, but the
intermediate-term and long-term outlook depend on the economical
fundamentals. Let's see. SPX 60-min: 
I expect SPX rises steadily to 1180-1190. After that what will happen?
XLF 60-min: 
QQQQ 60-min:  Do not open long positions on QQQQ. ---- No chart for SSCC/TAN/POT/EWZ, etc. Wait until the market is stabilized. |