[imawit]

Earlier, arete, Richard said all would be well again for a while after the state of the union.

I wrote him back and said there was no bandaid big enough.

What part of the country are you in ?

[antaresequity]

West coast

I dont think we will see much of pop on the SOU...at best we see some serious sideways chop and volatility before the big bear shakes hard...otherwise it may just peel off and not waste time...

Keep in mind that alot of sheep bought the BS from the street and went long on that consoldiation channle...that will fuel the sell off if things get going...

We broke critical range support on Friday...all equity indecie have large bearish engulfing fall off patterns in place that trigger short on tick below the Friday low (futures have already ticked below these lows)

All of the big tech bellweathers have similar patterns and if the gap down holds they will trigger shorts on the open...

There is a massive layer of stops under the October lows...and the pro's are going to try and push those stops...might take a week or two to get their but be aware of the precipitous state of the equity markets...