Financial Stabilizer.

Alas the US President George W. Bush signs the Emergency Economic Stabilization Act of 2008 in the Oval Office after the House passed the $700 billion financial rescue legislation in Washington, October 3, 2008.
It's The Bailout of the Century. Taxpayers will soon be footing the mammoth bill.
Meanwhile, the economy is likely to continue its down drift, with all the hallmarks of a recession.
Tracking the Dow on Friday:03/10/08


9:30am:--A near 100.0 points gap up.
Historic plan to bail out the nation's financial system will be signed into law by President Bush on Friday afternoon.
10;30am:--Session high dojis.
In September, employers chopped payrolls by 159,000 -- more than double the cuts made just one month before.The dojis here a sign of indecision--to bring up or hammer down.
11:30am:--Bearish hammer.
The insurer American International Group Inc. said Friday it plans to sell off a number of business units to pay off its massive government loan.
12:30pm:--Pullback fall shy of the MAV.
There's a stream of ascending soldiers.Buying up before the approval of a historic $700 billion government bailout of the battered financial industry.
1:30pm:--The shooting star.
The high,half an hour before the vote which is already priced in as it's bound to be a majority.Index is struggling bearishly at the MAV.
2:30pm:--The hangman.

The 263-171 vote confirm the approval.The market is selling on news.
3:30pm:--Bearish Marubozu.
The enthusiasm over the government's $700 billion financial rescue plan gave way to worries about obstacles still facing the economy.
4:00pm:--Double bottom.
Looking forward to a bullish coming week.

It's a Friday inverted hammer pattern.The long upper shadow is poised to be lighted up again.There'll be further short-covering ahead of FOMC minutes to be tabled on Tuesday.