"Psycho" - Psychology/Strategy for Major Markets

*EUR/USD - poor German auction triggered the latest sell-off. Needs to regain 1.3430 quickly to head off a push to the 1.3144 October low.

*USD/JPY - better bid USD overall an invitation to the BoJ to push on an opening door, but if it stays away the sellers will soon be back in over 77.50.

*EUR/GBP, GBP/USD -Big frustration for EUR/GBP shorts stopped out on Tuesday. A break of .8525 would bring all the lower targets back into play.

*DJIA and SP - One way trade as the rush to the exit continues and bounces fail to develop in flight to safety markets.

*T.BOND - Bulls testing through key resistance levels, but maintaining some caution even as Eurozone uncertainty continues to batter risk sentiment.