All sectors down. Portugal downgrade..

The downgrade by S&P destroyed any hopes of an upmove by X.

This is the correction that we have waited for, a quick and fast one. I think the base is set at 11,000 and the DOW would most probably range between this and 11400 for the next few months.

Looking to reopen positions in AA, C, BAC and add more positions in X and STD.