So the question todayis: Are we starting another relief rally? The answer is yes it would appear so.Yesterday the sellers pushed hard to, but the buyers pushed back a littleharder to draw a Hammer. The futures are feeling bullish this morning, and itlooks like the SPY will open higher. This week will be no time for the buyersto give up, the following key levels are what the buyers need to own: $269.95,$275.60, $281.05. Price reaching anyone of these numbers will be a relief rallywithin a downtrend, the sellers will be out like trick or treaters on Hollowee nnight looking for candy.

(FB)Bullish Piercing Candle

Webought FB yesterday as did a few subscribers in the trading room. We feel FB isbullish over $143.30. Facebook has drawn a Bullish (PBO) Pricing candle and proved to follow through yesterday. Price didclose over the daily downtrend line and challenged the 60-min 200-SMA. Cautionas we approach the 50-SMA.

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