From Trade Guild Today

He had a voice that was all his own, in fact, his voice was so recognizable, it was easily identified when some government eavesdropping was discovered, ease dropping on one of it's own senators. The man who went from the KKK to a tearful champion of dogs that couldn't defend themselves. There's a lot you can say about the Senator, he was an unique man.

However, this isn't political commentary. The financial reform bill that Wall Street applauded with huge bank rallies on Friday is now in jeopardry of being 1 vote short of the 60 needed to move it through the Senate. Scott Brown who initially supported the bill is now in the "toss-up" column.

I mention these things only because 3C tracks what the market is doing, however rare events like this that can not be foretold (yesterday I read he wasn't well, but I didn't get the impression he was going to pass the next day) can change the landscape very quickly. Luckily, as I posted last night, 3C can change quickly as well (it picked up a 30-min positive divergence which is substantial in a day, almost turning on a dime). I fully expected a rally, apprently fueled in some part by the financial reform bill that Wall Street seemed to like, (as I mentioned, they may have discounted the worst case scenario and it came out of conference a lot tamer than what had been discounted).

So today's 3C readings will be important to judge the viability of this rally/bounce. Keep an eye on Trade-Guild and of course members of Wolf on Wall Street (you can login from Trade-Guild) you'll see them with any analysis and actions I feel may be prudent in considering.

RIP Senator Byrd