Turnaround Tuesday was not happening today...

Well, my optimism proved to be unfounded.

I had hoped the market would remain "true to form" and perhaps gap down on the open today, and form Hammers on the index charts by the end of the day, creating another Turnaround Tuesday.

Didn't happen.

More inflation worries and continued financial woes were just too much for the bulls, and the bears once again roared down Wall Street.

Like yesterday, it was pretty much all downhill, all day for both the Dow and the Nas. The Dow gave up almost 131 points and the Nas almost 33.

Hewlett Packard and Verifone are both up after hours though, so that might help the tech stocks tomorrow, and breathe new life into this morose market. We need something.

But there's one good thing about a bad market day...

Good charts stick out like sore thumbs!

I've found one of those few good charts, and I'm going to name the stock as my ARM Play this evening. It recently came close to doubling in 22 trading days and then pulled back. And now, it might be off to the races again.