ANOTHER SWOON

Back in the game today as market internals told the story early - short pulups - and often. DJIA now down 200+ while the SPX is down 30+ and near the next support area of 825.

All sectors are in the red with the RUT the biggest index loser - and the TWM the best stock since the 90's bull market.

Probably a little rally into the afternoon but after 3- probably the usual and close at/near the lows - also the usual.

Flat on my daytrades as I type but looking for that next rally to get short TWM QID DXD SDS in that order.

NYSE- 2500 net losers;

NAZ- 1900 net losers;

VIX- ripping higher at 72.75 +7.6%;

And of course GE down 7% +; GS down 6% and C down another 15% on the day.

Mullaly and Waggoner- do we really want to trust a huge bailout to those guys - and why is it that every American auto manufacturer has gone bankrupt or is on the verge?