THE LEMMINGS HIT THE FAN

NOTE** VIX did make a higher high FRIDAY

^VIX
25.16


+3.94
+18.57%

WE have situation with MILLIONS of NEW home owners in NEVAUX STYLE LOANS, sub prime, piggyback, and LOW LOW Introductory interest rates that WILL reset with payments skyrocketing. It seems to me we have not felt the worst of it, market is warning.


I have looked at a few weekly charts, NONE are OVERSOLD!!!! ALL have gobs of room for MORE DECLINE!!

Some like SPX cam right down to a rising trendline near 1433. You get END of (and could be very ST moves) moves with MAX volume readings....why always good to sell winners on news as volume comes in and usually you see ST peak price.

DOW P and F shows 13,100 as exceeding previous low O move, says "bearish price obj met" but maybe not with another O in place!

CALL ME F'ING nuts, this mkt has fooled a lot of us, it certainly sems like MONDAY could be a CRASH DAY with NO BUYERS showing up....IS THERE A PPT? a special mkt group? IF so will they come in and buy SPX calls like NO tomorrow? IF not MOnday when?

I thought copper holding up well, maybe so, but P and F IS in Bear mode.
Gold in Bull mode
Silver Bull mode unless $12 broken (P and F)
Bank index in bear mode


BZH P and F price Obj $0

HOV from $74 to $12 !!

Cramer meltdown.

Unwinding of Yen carry trade with FXY break out

Inverted yield curve.

Cat business hurting.

Retail business slowdown.

BSC meltdown.

Now WHAT DON'T WE KNOW ABOUT??????? WHEN DOES MKT DISCOUNT WHAT WE DO KNOW???

Housing has been old news.....just mkt was able to mostly ignore...not so now, bottom dippers got BURNED, LOTS OF BAG HOLDERS IN MKT LOSING BIG MONEY!!! LOSING IT ALL.

Stock prices are in the GDP next reading may surprise on downside.

During all this CHINA mkt new highs??!!!

FTSE chart turns bearish and it SLICES and DICES thru 200 EMA like nothing was there. 6350 may not be surpassed.

NIKK swooning 15,850 P and F target

My MONTHLY TNX shows uptrend in yields still intact...but right at uptrend line....all MA'S I drew rising

Monday has potential to be an ALL OUT PANIC DAY, meaning it has high CRASH potential.

On bright side, my technical work is telling me several things, bull mkt not dead yet, but injured badly. 10% corrections used to be commonplace and normal so 10% off 14K is 12,500-12,600 area, not far from that, could produce a bottom of some kind.

It is also possible the 14K IS THE TOP it is in already, we just counter bounce, when done mkt plunges.

FEAR index rising, it might signal bear mkt s back, is might signal too much fear some kind of bottom is in, hard to tell.

Not good financials leading way down, BIG buys like BSC killed off their highs, JPM etc.

It appears to me, trend has aprubtly changed course, and ONLY HUGE BREADTH TO UPSIDE showing WIDE participation is likely to undo that.

A continuation of selling for much longer could indeed turn the longer term charts into Bear fodder. all IMHO

Duratek