The short covering rally from yesterday failed at overhead resistance and fell back in a wobbly day that sold off harder into the close.
13 February 2009
SP Futures Hourly Chart at Market Close
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Sp Hourly Chart
"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870
The short covering rally from yesterday failed at overhead resistance and fell back in a wobbly day that sold off harder into the close.