MIDDAY CRUSH

Markets are lower but off their worst levels - SPX -15 at 844 and NAZ at 1625-28.

Strongest sectors- energy, metals and gaming while real estate, banks, fins and homies lag.

NYSE- 1120 net losers;

NAZ- 1020 net losers;

NDX- 25 GREEN;

OEX- 20 GREEN;

VIX - down on the day at 37.5;

TRIN- .75 with down volume ab0ut 1.5x the up;

GS leading the downward move as the shares trade down 9% as I type at 118+ MS also getting crushed down a little more than GS-

I suspect the bulls are lurking and anxious to buy this dip as it has been working for about 6 weeks now- Support for now looks to be around 840 on the SPX - and I am not expecting the markets to close at the lows.