Important levels: 1400 S&P & 12,894 DOW

Check out this 2 year chart of the SPY or S&P 500. The convergence of a declining 50 day EMA, bottom-side of a two year Fib fan line, & and most importantly the bottom-side of a 50% Fib retracement. Is it a coincidence that in the last Bear market of 2000 that the initial leg down retraced exactly back to the 50% retracement line before PLUMMETING. I think not.

And the DOW is a mere quick short squeeze from 12,894 and the bottom-side of it's 50%retracement.

There has been NOTHING but BAD, no awful news and economic data. It's amazing that CNBC can spin that all this news is "Priced in" BULL-%&*@! The big money guys are propping the market up for a decent end of month for their February reports. BULLS - Don't get suckered in for the PLUNGE that is about to transpire.