SP 500 Jan 22 daily 4 year over view

Bear comes to the SP 500

S&P 500 starts the bull cycle.
President Bush even agrees, if we don't do something it could be bad for the economy.
Meryl Lynch says, "we are in a recession"

Housing problems are just the start of our credit problems. In some states 50 % of car loans are past due, 20% of credit card balances are past due, commercial adjustables are also in trouble.

Watch out for Capital One Financial..........
Here is the daily chart.

Before the open SP 500 Jan 22

Lets see if this could be a big move up, Maybe 1311, 1321

SP 500 collapse to the breaker

Looks like the S&P 500 will collapse to the breaker zone of 5% in overnight trading.

It will be set loose at the markets open.  

Watch out, it could be very volitale to say the least, the next breaker will be at the 10% mark and could be taken out very quickly.