THE CLOSE

Another brutal day as the DJIA/SPX/NAZ closed about 5% lower while the GOOG closed with a 2 handle and off about 7%- and a long way from the $700 number every one used to love.

All sectors were weak with the worst being metals, shipping, internets, energy, gaming and brokers.

NYSE- 2600 net losers;

NAZ- 2100 net losers;

NDX/OEX- 10 GREEN between the two indexes;

VIX- 66.5 and higher by 8%+ and about 13% over the SMA 10;

Medium volume with down about 25x the up;

RSI (2) levels pretty low at:

SPX -7;

DJIA 6;

NAZ -5;

RUT - 4;

So pretty pretty low RSI numbers and of course tomorrow is another day- after three ugly days in a row- so the music of the market may call for a rally - but we will wait until then to decide on the course of action.