The important information the Market gave us today was the NASDAQ trading below important support that has held going back to May of this year. While the S&P is showing slightly more strength, the mid-cap stocks have just traded through support as well. There were some slight internal divergences today, suggesting the possibility of some strength coming into the market, but that was limited to the S&Ps. The percentage of stocks above their 20- and 50-day moving averages continues to decline. Most important and concerning is the amount of selling volume that is accumulating in the NASDAQ. The NASDAQ brings back reminders of the decline in the year 2000. The NASDAQ will need to trade back above the Key Reference Area it traded below to relieve some of the weakness it is showing.