Live fire drill near axis of evil.

North Korea is an authoritarian regimes and a one party state.Recently they have a missile called "the Musudan."
The Musudan is now playing a starring role in reports this week prompted by WikiLeaks' release of U.S. diplomatic cables. One of the documents says that Iran has obtained 19 of the missiles from North Korea, prompting news reports suggesting that the Islamic republic can hit targets in Western Europe and deep into Russia - farther than Iran's existing missiles can strike.
However, experts who analyzed Oct. 10 photographs of the Musudan said it appeared to be a mock-up. Such documents sources are a bit muddy.
A large quantity of Soviet naval ballistic missile parts were shipped to North Korea during the Soviet collapse of the 1990s and the Musaban might have its origin.
The latest news that sends shivers throughout the financial market is that South Korea plans to carry out a planned firing drill from an island near the border with North Korea from Monday morning.North Korea has threatened reprisals if the drill goes ahead.
The North Koreans will just keep their Taepodong Missiles for display purposes and strike hard to its neigbours and the foward deployed South Korean armies and US forces by employing lethal chemical weapons that virtually all the fire support systems in its inventory could deliver.
Tracking the Dow,3rd Friday being Quadraple Witching Day.
09:30am:--Bearish Open gap-down.Renewed concerns about the euro zone debt crisis after Ireland's credit rating was slashed.Bullshit:Funds unwinding position for year end book closing.

10:30am:--Holding near session bear support.Graveyard dojis.

11:30am:--After finding a morning session low,index is hoovering now near MAV resistance line.

12:30noon:--Still hoovering near the MAV resistance line.

1:30pm:--A bullish breakout of the MAV resistance line.

2:30pm:--Attempts to break the day's highest failed.Bearish hangman noticed.

3:30pm:--Day's bullish support line being hit.Bearish engulfing.

4:00pm:--A last minute short-covering near day's high.

Stocks were very volatile as quarterly "quadruple witching"occurs during the session with stock index futures, stock index options, stock equity options and single stock futures expiring. Investors typically reduce their positions in the run up to Christmas creating low volumes in the markets, which could add to the volatility.

Friday's candlestick depicts that of a hangman and could see further profit taking below the lower shadow.

Don't worry,those ratings downgraders will be using their theme to playdown the markets.