2:00 Markets

The markets continue lower as of 2:00 EST- the DJIA is -102 the Naz is -23 and the SP500 -13 The market internals find 2500 more losers than winners and just about all sectors of the market are lower. Generally, I find that the market will not go down more than 15 S P 500 points in one day and we are just about there. Also, remember that markets that are weak all day tend to close on the lows. One bright light here is that the VXO, the Volatility index on the SP 100 is is higher by about 13%. Hence, we may near a short term bottom.