THE LIMB

OK, with the VIX up at 37+ and higher by 20%+, I am declaring a buying opportunity as it feels like a little capitulation in the markets. Besides, if Acampora is correct and the VIX gets to 50, how much lower is that?

Strongest sectors include banks, reits, small cap value and real estate while metals, gaming, homies, oil service and brokers are the worst.

WINNERS- USB WFC BAC DIS WB PEP NTAP INTU ROST ERTS PETM PDCO XRAY SIAL HURC PRFT CPLA CEDC.

LOSERS- TBSI PDE CPL DRYS DSX RIO ACH CF ICE STP POT ATI AA GM AES SLB F BNI NSC FDX CAT AKAM MICC NIHD PCAR WYNN MGM LVLT AAPL DISCA NVDA RIMM.

VIX up 21% and trading at 37 - start buying. 50 not far away.

Market internals - -2555 on the NYSE and -1730 on the NAZ;

IBD 100 with 3 winners - HURC PRFT MORN;

NDX with 10 winners- NTAP INTU ERTS ROST PDCO SIAL SUNW XRAY LLTC;

OEX with 12 winners- USB WFC BAC WB ALL DD RF DIS PEP PG SO WMT;

The 2 day RSI on major indexes (lol):

All at 1 or 2;

No where to run no where to hide. Looking for Cramer to tell me where the bull market has been the past month. Thanks. Oh and check the Xchanges- CME -31; ICE-13; NYX -4 and now trading at 66 after being Jimmy's favorite growth stock for the year when it was at/near 100.

Anyhow, scaling into some ETF's and finally selling some QID.