Another wild session in Wall Street, the stock market cheered the latest measures annonced by the Fed before slipping down towards the close. Hedging activity diminished in the option market, breadth closed on a poor note : 978 stocks advanced compared to 3163 that settled down. Although a great number of our indicators have reached extreme readings, believe it or not our buying/selling index on the Nasdaq is overbought, meaning that market participants have been agressive buyers in this market during the decline…Whereas we would have expected to observe signs of capitulation.