THE CHARTS

Markets appear to be over sold on a short term basis and are also trading at the "uptrending" SMA 50. The VIX, not so accomidating as it hasn't rallied on the recent move lower by the major indexes.

RSI (2) numbers - over sold and in buy territory at 12 on SPX - and near there on most other major indexes.

Links:

Faber, Rogers and Boon with a common denominator;

VIX + MORE on the VOL drift;

Dr. Brett on what is/was working;

And when does THIS start hitting us;