R.C. Market Report 09.23

• Market Trend: Neutral

• This market trading environment is as frustrating as the Congressional hearing. The slow decline in the market along with Paulson's repetitive unconvincing answers put me to sleep. While the market still hangs onto the gains from last thursday and friday, we are coming awfully close to making a new closing low. I do believe that a bounce of some magnitude is in store in coming days but I'm beginning to be more pessimistic about the strength and the length of that rally. Stick to fast trades. Too hard to trade off of daily chart.