 update. Good morning everyone Monday December the 20th and we're looking at the Dow on this 10 o'clock Tiger Financial News Network market update. Dow's down 575 at 34,800. Now it had a sharp down day on Friday. Cap down so far and the low is 34,715. This is exactly the point where there should be an attempt at least for some kind of a rally. We'll see if that's able to unfold. Look at the S&P at this particular point the Dow is down 1.62 percent. S&P is a little better 1.32 percent down down 60 at 45 60 also gap down here it's gone underneath the 90 period underneath the so the 50 period exponential moving average. This is really an important phase. MACD is negative, S&P is negative. It must hold the low today at 45 45 otherwise it can go down even more. And look at the QQQ down only 1% trying to find some base here 388.79. It's kind of struggling the low of 378.90 has been taken out. That was the low back in early December so you've got your dreaded H pattern. I'll talk about that when we get back for my Tiger technicians hour in a few minutes time and the IWM Russell 2000 small caps down sharply down minus 2% minus 4.44 to 10.70. Another low established within that big rectangle formation. This is going to be very important. Gold is down $9.00. It's holding quite nicely just under the 200 period moving average but you'd think that some kind of relief rally would be unfolding here and continuing. It's not look at the dollar. The dollar is down 29 cents in 96 38 in this rectangle level as high level consolidation and crude oil is down sharply. That's because maybe there's a global slow down we don't know but it's down 3.30 at 67.43 an arch formation and the TLT you'd expect it to be rally sharply. It's not it's down 33 cents and 150 51. Really important session coming up. We'll see how it closes today but I'll be back and discuss it in great detail for my Tiger technicians hour coming up in a few minutes.