the market failed slightly earlier then expected, unable to strike the top of its range. (800-920)
S&P needs to hold 800 (major support) if unable, the Nov 21st low of 740 would be our next support level.
NT
NEW YORK U.S. stocks slumped sharply on Tuesday, with investors objecting to the lack of detail in the government's plan to rescue financial institutions. The Dow Jones Industrial Average fell 381.99 points, or 4.6%, the most since Dec. 1, when it fell 679.95 points, or 7.7%. The S&P 500 declined 42.73 points, or 4.9%, to 827.16, while the Nasdaq Composite shed 66.83 points, or 4.2%, to end at 1,524.73.