First Chart Post

CLICK TO ENLARGE

The S&P saw a light volume bounce Friday which might be considered a dead cat bounce rather than any substantial buying interest. However, it might help the index form a higher low at the 900 level if we can get some positive action on Monday. The primary thing we can read from this chart is institutions are still not putting much money back to work. It will be interesting to see if this will change by year end. I am having my doubts as it seems the damage is done for most funds, and they will be more inclined to protect their assets and hold onto their existing clientèle by preventing any further losses. Still I am curious if there are further liquidations of funds and more margin calls to come.

First chart I have posted as I have finally had the time to find a decent way of posting. Let me know if this helps and whether I should continue to post in the future.