The last testament.

The deterioration in the near-term outlook for the economy and intensified strains in financial markets have escalated,says Fed chairman.
"yeah,we've increase market liquidity.We have helped stabilize the situation somewhat, financial markets remain under considerable stress.Many lenders have been reluctant to provide credit to counterparties, especially leveraged investors, and have increased the amount of collateral they require to back short-term security financing agreements. To meet those demands, investors have reduced their leverage and liquidated holdings of securities, putting further downward pressure on security prices.The capacity and willingness of some large institutions to extend new credit remains limited.
Overall, the near-term economic outlook has weakened and there is grave uncertainty in forecasting and the risks remain to the downside. "
So what he didn't say is that the U.S. was in a recession. Bernanke said, "A recession is possible. But a recession is a technical term defined by the National Bureau of Economic Research depending on data which will be available quite a while from now, so I'm not yet ready to say whether or not the U.S. economy will face such a situation." Another hidden agenda.

Tracking the Dow on Wednesday,02/04/08
A highly volatile session.It's a tug-of-war between the bulls and the bears depicting the testimony that is having its heated debate between Fed chairman and the committee.Bernanke got bombarded on his head and arm twisting with his left and right arm.Finally at the closing bell,he got knocked out.There is a four-legged doji,this frog will leap up higher from its fall.Look out!!!