It was a fantastic and huge session to start the week, as the indices gapped up big, ran hard in the morning, consolidated mid-day, tried to rollover but held support, and then exploded again in the afternoon as the shorts were squeezed right into the close in a spectacular session.

The market suffered another decline today, as we expected, although the day started out differently.

Profit-taking finally set in after 7 out of 8 days on the upside, as the indices were extremely overbought this morning.

It was a very interesting market today on FOMC announcement day.  The indices backed and filled in the morning, were lower for most of the morning session, rallied by mid-day before the FOMC announcement, and then exploded after the FOMC announced the purchase of hundreds of billions dollars worth of treasuries.

The markets had a very strong snapback session from the consolidation of the last couple sessions and yesterday's late sell-off.

The markets were rather volatile on Monday.  They had three major swings on the NDX and two moves on the SPX, but the bottom line was they moved sharply lower in the afternoon to close near the lows for the day going away in negative territory after being up most of the morning.

It was another huge day for the bulls, as the market exploded after a brief early morning dip, and then ramped up in stair-step fashion for the rest of the day, closing near the highs for the day.

The indices were up, down, up, and down again to close slightly higher on the session, a win for the bulls and not the reversal type day after yesterday's rally. So that's a positive.

The markets had a huge upside explosion from the get-go, ran hard all day, pulled back late in the afternoon but held support, and then came on to close to at the highs for the day going away on a major turnaround Tuesday.

The markets had another down day to start the week. I don't know how many consecutive Mondays we've been down.