NYSE Euronext (NYX)

[Not_Bill_Oneil]

Yep, it's staying ugly...

getting a relief bounce right now across the screens as I write. But, with continued problems like the IMB news on Friday afternoon, WM skidding today, and continued FRE and FNM "news" (noise), every short-term buy point lower stays just that - a short-term trade and flip quickly thereafter.

Getting close(r) to a bottom, but, don't see it yet and still don't see any real leadership from Washington - not from the Fed, Treasury, FDIC, Congress, the Bush Administration, SEC, nor anyone. So, gonna maintain some longer-term short positions - even after covering some today. Definitely don't have any confirmations to load up on anything long yet regardless of different indicators.

GL.