Markets sinking on Technical resistance of 1400 to 1405 on S&P 500 ???

Markets are being pounded based on technical resistance on S&P 500...where 1400 to 1405 was a major resistance...& it IS proving to be one today.....

Lot of institutions & hedge funds trade on TA.....so ....they take it UP from SUPPORT & bring it DOWN @ RESISTANCE......SEE...they control the market with their Billion $ bets.......

Markets were down when OIL was down ..& now OIL is UP and markets are in DEEP RED....

In my portfolio :

AAPL down $3.69

RIMM down $2.85

SOL down $1.55.....behaving much better than my expectations,Went down to $22.90 in reg hrs..in pre-market went down to $22.60 !!!

@ 1.15 PM the following are green :

CSIQ (new contract),TSO(upgraded),YGE(upgraded),POT,
JRCC,MA,VLO,SNE,FWLT,LULU(reports AH..expect a BEAT),
X,QID,SDS....

BLOG does NOT give buy or sell.

PS...Had trouble posting due to Google website issues......

PS...Mother asked me to THANK all well wishers!!!!

Saleem