THE DIP

Markets in sell off mode as higher prices every single day is not all that sustainable - note the leader on the way down the NQ which was the leader on the way up.

Strong sectors- banks, biotech, metals, ags and energy while semis, telecom, homies, real estate and tech lag.

NYSE- 150 net losers;

NAZ- 300 net losers;

NDX- 25 GREEN;

OEX- 40 GREEN;

SPX- 175/325 green to red;

RUT 2K 670/1160 green to red;

VIX - higher by 5% at 34;

TRIN .75 with up and down volume about equal;

NQ leading the way down just like yesterday and persistent low ticks this morning - just the opposite of yesterday afternoon- and just when everyone capitulated to the upside it looks like Mr. Market has finally got them - and now lets see how anxious the dippers are to buy-

RSI (2) level on SPX already down to 63 after hitting near 100 this AM - this could be an ugly day but dippers also lurking.

And dougie may get the last laugh after all;

Bear markets;

Probably a bit too late for this picture;