WTO talks collapse.

Trade officials said in Geneva yesterday that a high-level summit to salvage a global trade pact collapsed, after the United States, China and India failed to agree on farm import rules.
Trade representatives of about 30 countries have been trying to break the deadlock over the Doha round of talks at the WTO headquarters in Geneva since July 21. The talks were scheduled to end on July 25 but have continued because no agreement could be reached.
Tracking the Dow on Tuesday,29/07/08.
9.30am-Gap Up 60.0 points.Merrill Lynch's latest write-down and share sale hinted at a possible turning point in the credit crisis.10:30am--Inverted hammer,bullish.Stocks were also helped by data showing the rate of monthly price declines in the U.S. housing market is slowing.11:30am--Holding at session High.No sign of gap filling,so open a buy position.A separate report showing the mood of American consumers improved for the first time in six months in July.12:30pm--Bearish pullback.Index still held at the High.U.S. crude prices dropped more than 2 percent, relieving some concern about inflation and consumer spending and brightening the outlook for a wide range of companies, including retailers and airlines.1:30pm--Bullish spike up.Merrill Lynch jumped nearly 8 percent after coming into trade on the defensive after the brokerage said late on Monday it will write down $5.7 billion and raise $8.5 billion by selling new stock.2.30pm--Bearish pullback.Sell,close position.This is a second sign of pullback near session high.3:30pm--Bulls spike up again.Financial shares were also helped by expectations that the Securities and Exchange Commission would extend an emergency rule banning so-called naked short selling later on Tuesday in 19 companies including Fannie Mae ,Freddie Mac ,Citigroup ,Goldman Sachs and Merrill Lynch.4:00pm--Spinning Top.A bullish white bar closing at the day's high.Are the short sellers making a comeback again and setting the bulltrap again? Guessing.
Merrill Lynch, AMR, US Steel, Colgate Palmolive among big movers on the stock market Tuesday .The bullish harami will continue in the following day.