I have had a few technical difficulties with my charting and I will post some charts either later tonight or tomorrow night after I arrive in Florida.The news remains grim and negative. Very little news is positive and when we do encounter positive news, it is negated by ten more negative news stories. This is what we have during recessionary and bear market times. Do not expect the news to get better until after the market turns. The markets always tend to bottom before we hear good news. Unemployment typically peaks at market bottoms. As we continue to read more about layoffs, this number will rise. It will begin to indicate we are getting nearer to some sustainable bottom. However bottoms do not occur within a day or a week, this typical takes months. This does not mean we will not have very nice tradable bounces, but be mindful, these lows are tested often. The reason for this is to make sure the floor is solid and not about to give way.I remember as a kid building tree houses and as we got the floor framed, we would hold to branches above us and jump up and down trying to ensure the floor frame would not collapse from under us. We would test this out multiple times. I cannot tell you how often we watched wood fall from the tree underneath as the floor was poorly built. (we were only 11 years old)