an tSionna 2.13.09 Friday the 13th

Well we are almost back to where we started at the beginning of the week. No sooner did stocks break through this trend line then they were thrown back almost to where they started on Monday. The good news is that we are still slightly above the red trend line. The bad news is that we are now also back in the trading range and also scrapping along its bottom. Going much lower would not be considered a good thing by many market observers.

*Long S&P 500 related ETF's.