Stimulus vote pass but no surprise for market

2/13/09

It is the 13th black Friday. But S&P is in indecision mode today. It is still bounded roughly by 810-880 since middle of January. The chart pattern is forming but everyone is still waiting the end result. We have the stimulus bill pass and soon to be law by coming monday when Mr. President Obama sign the bill. The Banking rescue plan have announced and is ongoing to do the "Stress Test" currently on total of 18 US banks. But, market hate uncertainty. It may be too long to wait to see which banks would be prevail or not. In fact, the stock indice chart is looking terribly and is about to cliff dive from here technically. Am I right again of the call of another beginning of down leg here?! Time will prove. We will see. Wish everyone has sweetest Valentine's Day tomorrow.