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Interesting chart - thanks for posting. :cool:

Cash volume noticeably lower today compared to recent days - odd for a day when indices are tanking to new lows.

Speaking of the VIX, anybody notice the divergence today - indices making new lows, but VIX not making new highs. Interesting.

About the same as a big gap up - who the hell knows

Bounce is definitely near when threads like this start popping up, lol :p

Agree. Joe Investor trading his 401K may panic, but most pros recognize the Dow for what it is.

The bounce will come eventually, and the longer it is delayed the more vicious it will be as bandwagon shorts are blown out. ***Patiently Waiting***

Booo, no magic ball today - what will we do??? :eek:

Is your name Bill Fleckenstein??? :confused:

Bears continue to press, but I think we get a vicious multi-day snap back to clear out all the bandwagon shorts before resuming lower.

My take on how things play out: SPX stabilizes in this general area and rebounds to appx 1500 before rolling over and resuming its down move. Intermediate-term, not saying it will go to 1500 today! :)

lol, typical retail investor behavior

Odd lotters are heavily short as well...hmmm....

Bears still trying to press, just as hard as they can, lol.

Liquidity sloshing around worldwide, so it really isn't that big a surprise.

The bears really pressing here, hoping for a bear flag...seems almost too easy...

And when that finally happens it is game over - but I love how everyone thinks NOW is it. Lots of shorts pressing right now and hell bent on fighting the Fed...we'll see what happens...

Back this up from a TA perspective (NOT fundies). Not being combative, just interested.

Fleck is a permabear and has been predicting the end of the world for years - not to say he won't be right one of these days, but he's a f'ing broken record - plus I think he runs a dedicated short fund, so he isn't exactly unbiased.

Best broker I've ever traded with. Customer service is top notch - Tom Sosnoff (the founder) often personally answers emails regarding account questions.