de ja vu, page-8

i'm not so sure there will be a bounce yet and i think the jan lows will be broken.. the fundamentals are important in getting a general read.. the critical one is the new resurgence in the illiquidity in credit markets.. as bad now as jan lows at least.. margin calls flooding out again.. this is forced selling to get liquidity any way some instos can.. and theres the creeping impact of lack of credit thats going to slow growth for some time yet, so the value buyers are trying to calculate that effect.. then theres employment tonight.. if it shows contraction... big downer.. and of course china is raising rates and exchange rates again.. not to mention the lack of support from ecb and boe.. I'm sticking to my 50% off from highs target..