A dwindling home values.

It's a national housing crisis,sagging housing prices are grim news for the economy and sellers. Homeowners are watching equity in their homes evaporate, which could further dampen consumer spending in the first part of 2008. And dwindling home values also make banks shy away from mortgage lending, squeezing out potential buyers.

But deep discounts are also tempting some buyers, especially in markets where home prices are being slashed to bargain-basement deals.

METRO HOME PRICES(Metro area)----January '08 vs. January '07
Atlanta:-4.80% Boston:-3.40% Charlotte:-1.80% Chicago:-6.60% Cleveland:-8.50% Dallas:-3.30% Denver:-5.10% Detroit:-15.10%

Las Vegas:-19.30% Los Angeles:-16.50% Miami:-19.30%

Minneapolis:-10.00% New York:-5.80% Phoenix:18.20% Portland:0.50% San Diego:-16.70% San Francisco:-13.20%
Seattle:-1.30% Tampa:-15.00% Washington:-10.90%
Source: Standard & Poor's

Tracking the Dow on Tuesday:15/03/08

The worst figures for US consumer confidence since the early 1970s dragged the Dow onto a bumpy ride but is being held up strongly by the bulls as seen in the many white candlesticks with noticeably dragonfly dojis.The closing bell was a double dragonfly doji's.They might be performing their dragon dance in the air.

The market is taking a temporary breather.The market-makers have closed the 2nd day of the week near the main pivot with its tail(shadow) kissing the bear pivot.It must leave the teddy bear to find a higher ground to do its samba.