3/11 mid-morning

Stock market drew in chart traders by breaking through the H&S neckline and going below yesterday's low.  30-point penetration of the neckline convinced many, I am sure.  Market is now in a snap-back rally up to about 10,565.  I do expect it to turn lower and break this morning's low today.  Key level is S&P 1136.70.  DJI has formed a channel:

As long as it does not rally much beyond 10,580 then all is well in the garden.

Silver cash has not broken 16.80, so no news there.