well,guess the news wasnt great...Does this selloff have legs or a 1 day event?I think a 1 day event.Tomorrow is big 3 meeting with congress.I think they have to come up with something workable for them or the market will get slaughtered.I doubt congress wants to let them die and the big 3 ceos have been working with congress behind the scenes to make some workable plan that both sides can swallow...
Institutions are accumulating. Market action today so far is impressive from a medium term Bulls point of view - i.e. several months. Will be accumulating more today if price/volume information supports a buy. So far it does. Rich