We were hitting new lows in the early afternoon when some surprise news on capital requirement for banks spiked the market.  The bounce was crushed by the 3 p.m. sellers again.  We are certainly oversold again after dropping 6 straight weeks, but I am worried about the psychological impact of repetitive failure to rally and reversal of trends.  We may be headed for the mid March low around 1250 and the 200 day moving average.  Overall, it was another brutal week and more turbulence is probably on the horizon with option expiration next week, ending of QE2 this month, and the start of 2nd quarter earnings next month.