we join jeffrey friedman of lind- waldock. and jeffrey, after a sharp sell-off last week, how are traders approaching the week ahead? i think what they have to do to approach the market is take a look at the technicals more than the fundamentals. i don't think anything decisive is changed completely for the fundamentals. so on a technical point of view, if the s&p 500 trades below 1048, then that would be a continuation of bearish. and momentum traders would be enforced. yeah there has been so much technical damage on the charts. is it really too early to expect any kind of recovery in stocks in the new week westermarck no, actually i think you can expect some kind of recovery. long term for investors versus short-term traders. i think i'll always least a with a 500, the s&p 500, above 1000. it is not a bad level. we should be trying to look for a place to get long. for position traders. remember, this correction of last week is only about 13 and half percent from the high. and we were overbought with a nine month rally with no