Got my ass handed to me again, bad loss, puts helped out a bit. Anyway, back to short term trading, no bias. Still wanted to post this monthly chart that starting to look bearish, not calling a DT yet as support still there, but if I saw that divergence on an intraday chart I would have been taking shorts near tops after 2-3-4 failure swings, so maybe (just maybe) large trading houses that do implement technical analyses are seeing this and considering that this could be a logical time to offload their stock portfolios. Apart from looking at charts and just looking at our day to day lives we can clearly see that we tend to live our lives in a bubble for last 10 years roughly, credit's becomes a hell of a lot easier to obtain for the lower earning bands and they are the ones that are now failing to meet their credit obligations. Can this massive debt be just written off with no reflection on indexes? I think no way it can, hence we are seeing this uncertainty in price action, neither up, nor down. Are we ready to pop and by doing so accepting the consequences for both relaxed lending practices and our own inability to manage credit? We will decide, all of us. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1685506>