Waiting For Details

Market selling abated on Tuesday as unknown intervention stimulus details remained largely a mystery. The Obama team led by Geithner of Treasury is compiling components which will be released next week. The job's number on Friday will be over shadowed by that news unless it is expressly bullish. Not that the new folks in Washington know anything either, but there have been enough strategic intervention goof ups to provide a learning curve for what will be an enriched tactical assault on the bear. If it works, the bulls can enjoy some needed relief. If it doesn't, then new lows will appear and the base building will begin all over again.