Thrashing Bottom working

Hmm!! I'm reading the charts we are having relatively big gyrations over the last three days... The large gyrations in a defined range will continue until enough people sell, until they can send the market higher..... I'm keeping a close eye on Put/Call Ratios. It seems that CBOE Put/Call and Equity Put/Call seem to be relatively high, but the OEX Put/Call is relatively low... On the medium term this is bullish.... OEX Put/Call under < 1 again today, while CBOE Put/Call is over 1.... Barry

The market internals are still extremely weak, I do not think the speculators are controlling the market here, it is the short term (down) trend at least...

I had to get rid of sso at the end to take a loss for buying back. If waterfall has not been seen, it will.

The market is tied more or less directly to the Euro for the time being..... Once the Euro bounces so will the markets.... China will be interesting tonight... Barry