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Jim,

I agree completely that the news media in America lies. They are all controlled and only allowed to print approved stories. That's why I look to the internet for news. That story was from Russia TV.

I don't know if it's real or not, but I do believe that Goldman Sachs profited from the event. Meaning that they knew it was going to happen in advance. Also meaning that it was planned… the “Who” part is anyone's guess?

or maybe it will happen sooner?? look at Hawaii's chart – big down, followed by a big up, followed by another big down. So my guess is we get to 1000 or so, bounce hard, then fall towards the end of day to below 1000.

That 60 minute chart is still trying to rise up Jim. It might take all day, and fail again in the afternoon. I think more selling is coming, but after all the charts line up pointing in the same direction… down.

Oh but you BELIEVE the TIME magazine poll? Polls are the most played with news item of all. Your greater point is correct however. The real problem is no one can know what the real truth is anymore.

Bulls are not buying into this

Dow is showing positive divergence in hourly chart
http://niftychartsandpatterns.blogspot.com/2010

Thanks!

Any rally today will be sold into. headed to 1010

Red,

Just remember, just because you see a news story does not mean it is the truth. The media is the most untrusted profession even more untrustworthy than politicians according to a pole done by Time magazine ( can you imagine ?) about a year ago.

The advent of internet reporting has its good and bad. There are a lot more cracks out there trying to get into the pot and they are no more qualified than the rest.

i could tell you a few stories that have happened in the Iraq Afghan campaigns that would curl your hair if you knew the truth and the news media completely botched and flat out lied.