The rally that started last week should be just about done. I admit my initial reaction was wrong when I read about IBK raising their margin requirements over a month long period by 35%. Old maxim of buy the rumor sell the news(reverse in this case) played out, in that the market had been in a sharp correction already. By the time the news was made public those in the know had sold before hand. Today will be very interesting. The margin increases BEGIN TODAY. I still believe if they are carried out over the entire period as initially reported, and especially if other brokers join in, the results will bring about a devastating decline.