SAME OLD SAME OLD

Markets closed at the lows again as the trade "weak markets tend to close at/near the lows" worked yet again. The SPX -27 and the NAZ -53.5 as we continue to lose market value.

Sectors in the green - nothing on my screen but the worst were real estate, shipping, energy and ags.

NYSE- 2275 net losers;

NAZ- 1600 net losers;

NDX- 5 GREEN;

OEX- 9 GREEN;

VIX- higher by 7.5% at 53;

Total volume 1.6B shs with 4x to the downside;

RSI (2) levels continue to trade near 0- a bounce coming and it will probably be a whopper - all about the timing.

SPX closing at 743 - note the double bottom - hmmm- problem is the selling is so relentless - but we will see.