S&P's

Despite the big selloff today, the S&P is still in a range and may hold near current levels, <830. The market looks now on the downside the way it did on the upside in the 860's.

The reaction to all the government efforts to stabilize the economy is very negative today but this is going to drag on for perhaps months. So until the charts turn more negative (which can happen soon) I think one has to be very careful to sell into this weakness.

Gold continues to hang onto it's earlier gains and is bullish.

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