The sell off in march 9 lows didn't have the volume to indicate bottom. The ride up to this resistance level had no volume either. volume matters cause it indicates buyers in the bottom and buyers buying it up going up. any new long or short position should not be taken. go on vacation as many have done. march 9 2009 lows will be retested and need huge volume to indicate a bottom. if march 9 2009 do not hold and these are not investors but leverage speculators we'll heading even lowering indicating really bad fundamentals inthe real economy. this could be bankrupty of states or swine flue epidemic or war breaksout in Iraq or some bad stuff like North korea or pakistan sold nuclear weapons to terrorist and blew up a US city. that is really bad stuff. or US defaults on loans or US currency massive davaluation. Citibank filing for bankruptcy etc. old shares of citigroup are worthless and gov't owns all new shares and bonds.