The only positive thing ths Market can say for itself today ... the gaps got filled

This was supposed to be the day the sell-offs ended and the big C-wave rally began ... when the market let everyone know it was ok after last weeks bashing ... when the participants traded as if the supports from international governments were at least appreciated and had a chance of working ... when fear was vanquished for another day ...

They traded respectfully ... they traded, oh so carefully ... they tried their damnedest to land the ship without a crash ... the buyers came in on the dips and tried to buy ... the sellers waited until the little rallies had run their course ... the Nasdaq tried to lead them all to higher ground,

BUT

when the Nasdaq could not hold at a 62% retracement in the afternoon, everyone knes it was in trouble and that late day sell-off that looked oh so much like last weeks afternoons, again became a reality.

And, now, in the early evening the last gap, the big one in the S&P, has been filled. Will that be enough tomorrow?

The Asians and the Europeans will decide whether they have sold the euphoria resulting from the Big Deals, enough.