The market gave back a lot of points and broke a short term trend line on an intraday chart, but we are only back to the levels from one week ago. The media paid no attention to the 100+ point loss on the Dow. The broadcasters on TV and radio that do the business news briefs reported the ADP payroll number with enthusiasm, then reported the point loss on the Dow with no explanation for the loss. They didn’t even care to explain the market fell to new lows late in the session because of comments out of South Korea. If the few remaining shorts have any luck, this could materialize into something that scares everybody, but has a benign affect after the story plays out. So the bears and sold out bulls both get what they want, and nobody gets hurt- we can only hope, and that’s always a good trading strategy.