Daily SP 500 March 16 after Fed

Watch out, today could be the next Black Monday.

This has some support but would it hold. Heard a very interesting conversation that Since the Fed has made funds available to the trading houses that they are shorting their own stocks.

Good to know they can borrow the money to short their own stocks considering how poorly they are doing with the Sub prime.

Crash Levels

Well if JP Morgan picks up Bear Stearns for $2 a share there will be a few rather pissed off billionaires who have just lost a couple hundred billion dollars.

I am expecting crash levels of:
1249
1212.50
1182.50

This is quite a volital time, be prepared to see big swings on News.

Trade what you see.