We again stand in one of those situations where trying to catch a falling knife may be a dangerous game. It is nevertheless what many traders and investors have tried to do since the beginning of the crisis as we mentionned it several times in our comments. Our indicators measuring the buying or the selling pressure have constantly pointed out that bargain hunters were willing to step into the markets to take advantage of falling prices. Back to Friday’s activity, internal momentum continued to weaken as measured by the cumulative advance/decline line. Options trading was fairly neutral.