this from fridays elliott wave (I know, they're a little vague)

Now what? Both the U.S. House and Senate have each passed their respective versions of the big bailout bill and the president signed it into law today. But what happens now when the stock market decisively breaks down from current levels? A break lower here is when some degree of panic will arise since “the bill” that just passed is thought to somehow address the market’s problems. It won’t, nor can it. One day of stock market decline on Monday of this week wiped out over $1 trillion dollars of stock market capitalization, greater than the $700 billion (+) total of our tax money that is supposedly being allocated to “fix” the problem (with an estimated $152 billionof “pork” included for congressional pet projects, it’s a pig of a bill…ba da boom, please tip your waitress.). The market, by virtue of its sheer size, is the master. And here’s the kicker from a stock market technicians point of view: the same day that the bailout bill passes, which will supposedly save the world, the Dow Jones Transportation Average closes beneath its January low, thereby reconfirming the major Dow Theory bear market signal issued last November. EWT, EWFF and STU subscribers have been bearish since the dual market highs last July-October, and we even alerted you to the original Dow Theory Bear Market signal last November. So even this venerable market signal is falling in line with our forecast and all the Dow Theorists should now agree.