correction and the start of a rally to new 52-week highs. However, by the end of the day the index had sold-off down to 1408. The same pattern repeated the next day as the S&P opened at 1420 on October 25th, yet closed down at 1412. On both days, the massive influx of buying during the pre-market was soon outweighed by a large amount of players using price spikes to sell their holdings at higher prices than they could have the day before. For the next two trading days, any time the Bulls took the S&P above 1415 the Bears would move in and take it back down. This pattern finally broke on Thursday, when the index opened at 1417 and rallied a further 10 points to close at 1427. Which finally brings us to Friday's session. Spurred by a better than expected jobs number, the Bulls made the first move of the day and opened at 1432. Admittedly, I thought that this was confirmation that the market had bottomed and that the Bulls had come out on top. However, the Bears countered by selling the S&P down to 1424 almost within the hour. The index hovered there until 1:50, when three massive rounds of selling throughout the rest of the trading day led us to a close at 1414, completely erasing the gains of the previous day, and taking us again below the 1415 resistance point of the previous week. Friday's action demonstrates proof of my thesis - if