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
"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Mass Murder and Genocide, 1994
The short covering rally from yesterday failed at overhead resistance and fell back in a wobbly day that sold off harder into the close.