Jim must be very, very happy, because the futures opened... down. Just three points now from the low for the entire move down. Can't imagine they won't try for that. It should bring on a nice flush down, but nowadays they may defend it, or guard against a big stop run, who knows. I still think they may gun this up at some point, but maybe not. I just know I'm not marrying any positions the way they like to come in.

It may get to that level via the SPY before the reopen.

Okay, they hit 1299.75 after the reopen, and very, very quickly snapped it up hard, as expected. They know what would happen if they let it trade freely under 1300. So, they condition everyone to see there are no sellers under 1300, no worries, now you can buy. They are so slick, and so evil...

So, they traded in the 12's and played their games, now up for a bit? I hope not, but it sure needs a bounce bad.

It does. For months they conditioned everyone to expect every dip to get bought. All week price has rolled at every bounce. At the top nobody wanted to sell, now 1000 pts down on the spy, no make that 1100, suddenly everyone is a bear.

What a weak bounce, They are killing it, again. I'm expecting them to defend the low, but they may not. This may be headed to 1280-85 or 1260-65 in one shot. You never know. I'm just sitting back, hoping it does.

I'm watching this 2.25 here, but the way it looks it will be trading the 12's again very soon.

I like how basically the only topic on Bloomberg, non-stop all day, is the Facebook IPO. Like I said, this marks the beginning of the end, in my view. Maybe not, but I think it is all over now.

Notice how although some 'bears' say we may see a sell into summer, and we may see deep into the 12's, no one has called the 'bull' market over. No one sees that coming. Makes me wonder...

This has a profound look of setting a new low soon (as in later tonight or in the overnight). I've never seen anything look like this way as much as this does right now. That almost has me on alert, in that I wonder if 'they' are making it look that way because they plan to gun it up. It just looks soooooooooooooooooooooooo ready to dump...

There's the new low by 2 ticks. Watch for the 1-2-tick game...

Okay, I barely got that posted and it dropped a bit more. So far, so good. Now let's see some sustain. 1280-85 is calling, and it's within range...

Hey, I just realized I crossed 15,000 posts a few posts back. Wow.