I have to be brief tonight. This morning we had our third short covering rally, again followed by an orderly decline where supply never gained the upper hand. In fact by the end of the day supply has disappeared with readings of 30 and 44. Put another way, the demand exhausts itself on the rallies and the supply exhausts itself on the declines. We are balanced. On the daily we had no follow through by demand and supply failed to come in on the way down-- note the lower volume. We are balanced in an inside day. Something will turn the balance one way or the other and I suggest watching Goldman Sachs. It confirmed its breakdown, with a failure of demand on the daily chart. Morgan Stanley was weak as well. Anything bad from the fair haired child will have enormous psychological impact.