>I do not care whether it's the end of QE2, jobs, Europe or a general investor awakening to reality.
>
>The fact is we're experiencing a technical breakdown.
>
>If you're in a buying mood, and I am) here are the next support levels I see.
>
>DOW
>Support : 10917
>Fib 38.2 : 10440
>
>NASDAQ
>Support : 2460
>Fib 38.2 : 2270
>
>S&P
>Support : 1172 (has been tested today)
>Fib 38.2 : 1103
>
>RUT
>Support : 701
>Fib 38.2 : 668
>
>Note: Fib retracements are based on March 2009 lows to May 2011 highs.
>
>Have a great weekend all!
>
>Update : 12:44EST
>
>ECB agrees in principal to buy Italian & Spanish bonds. More free money! Too late for European markets but the US is rallying!
>
>http://www.cnbc.com/id/44035627
>
>C'mon Bernake, time for QE3! Let's really kick this turnaround into gear.

What is QE3?