'Naked' Short-selling ban.

The Securities and Exchange Commission made permanent an emergency rule targeting so-called "naked" short-selling, which was due to expire Friday.
Short-sellers bet against a stock. They generally borrow a company's shares, sell them, and then buy them when the stock falls and return them to the lender -- pocketing the difference in price.
"Naked" short-selling occurs when sellers don't even borrow the shares before selling them, and then look to cover positions sometime after the sale.

Brokers acting for short sellers must find a party believed to be able to deliver the shares within three days after the short-sale trade. If the shares aren't delivered within that time, there is deemed to be a "failure to deliver." Brokers can be subject to penalties if the failure to deliver isn't resolved by the start of trading on the following day.

"Flash trading," enables some big Wall Street banks and hedge funds to get an advance look at investors' stock orders before they hit the market.These are the actual people who should be punished for eating the flesh of all uninformed investors acting to their own advantage.
These are the actual rogue short-sellers who started the world's financial turmoil. They have already known before the markets got the news by disseminating the good and the bad. .So finally they are the only one that is left unscathed because they knew their timing.Anyway the market is very cruel because of all these traitors.

Tracking the Dow on Monday,27/07/09

9:30am:--An opening hangman with bullish harami.

Citigroup (C) is down nearly 3% to $2.65 per share after the company announced that some $20 billion of preferred and trust preferred securities were tendered in its exchange offer of publicly held convertible and nonconvertible securities.

10:30am:--After spiking to its early high,short-sellers have finally wipe-off the gains and landed at session low.

New home sales for June came in at an annualized rate of 384,000, which is well above the 352,000 that were widely expected.

11:30am:--A retracement to the MAV ended with a graveyard doji.

Profit-takers are taking over the wheel.

12:30noon:--Indicies are now lying low in the bear county but noticeable bulls are dabbling around.

1:30pm:--The 2nd session started with a near day's low forming a double bottom.

The bulls are bringing it back to the MAV line.

2:30pm:--The bulls have securedly hold the indicies above the MAV bull county.

Weakness in the U.S. dollar helped commodity prices at the open of the pit trade, but prices generally came back in as the dollar strengthened.

3:30pm:--A pullback to the MAV support.

The market seems to be under enormous selling pressure by the bears taking advantage of a market that has shot up too fast in just a week.

4:00pm:--1,2 & 3 bulls shooting.

The follow through will be a pullback after the victory lap.
Index futures in the Far-East like Thailand,Singapore,Hong Kong and Malaysia will be expiring on Friday,last day of the month.

The Dow is just about 78.28 points to reach the 52 weeks MAV resistance (9,186.79) which is going to be the turning point with the short-selling bears taking charge of the market.

The Dow is scrambling slowly and systematically to accomodate its Asian peers.

The 2 spinning tops might be a warning.The dollar seems a bit strengthening and might be the added sign.