The market turned down after more talk from Secretary Treasure Geithner's plan for banks. Oil Service, Basic Materials, and Gold/Silver were the strong sectors today while Airline and Retail were the weakest sectors. The SP marched up to the 850 level and turned downward. The trading range keeps getting smaller and two days in one direction is more than the market players can tolerate. The long term time frames continue to be oversold yet we cannot sustain any type of Bear Market Rally. Other than short term players Investors simply are uncertain about the powers to be to give us a feasible fix for the banking situation. We need a little confidence restored before folks are willing to invest aggressively anytime soon. For now it is short term players dominating this market. The Index Put Call ratio has kept a lid on the advance and today the Index PC ratio did close at 1.19.Today I worked over at the CBOT with a corn trader and traded corn on the screens today. We had a nice gap open to fade and then rode a downtrend down all day. I posted a video in the video vault of the trades we made today. His dad is a 37 year veteran in the Soybean pit but has never looked at a chart in his life. The young trader is convinced to show his dad that charts can be traded of off. Toward the close we walked over to the bean pit to see how things were going. The paper is totally drying up in these pits. The veteran pit trader told me he may have made enough money to buy a bag a chips today, It was unbelievably slow in the pit. There was a little action at the close and in a way it is a sad site to see the paper in these pits dry up.