Down Volume greater than 70 times up volume

This is the highest level since Dec 1, 2008. I assume this means people are puking here. Also the premiums for out of the money options that expire tomorrow have skyrocketed. Sure seems like real fear out there. I'm not doing anything though as oversold mkts can become even more oversold. Any thoughts?

Well, my only thought is that with the markets breaking through the 200 DMA and down volume accelerating one has to wonder how fast that money will come back into the market? My point is that bottom fishing for a big move seems risky to me. Scalp a few long points here and there, of course, but to initiate a major "position" might be risky. An interesting question to ponder: what conditions out there would have to change (and how would they change) in order to make all those sellers comfortable enough to redeploy that capital to the "safety" of equities? mm

beautiful hammer & exhaustion..euro blitzkrieg makes for a violent up move.. could gap up big manana or manic monday

Keep an eye on the euro...it may be leading the market right now, and has made a pipe bottom which could hold