I'll kick it off.

Holy cow, look at that, another new low.I love this!

Let's see if that high volume spike down now snaps it up.

Oh, yeah, that panic sell on volume got 'their' attention.

But they are dumping it hard again on the bounce. This is really a change of character. It might be significant.

I can't wait to see if that's it right there, or if they sell into into the last minutes of cash close, or in the after-cash. I'm thinking that flush was it, the slightly higher low retest. Now up. I'm can't wait to see...

Oh, yeah, I wasn't kidding about a change in character. I didn't think they had it in them, but they did. I'm loving this. It's making it to that next key low, like I said earlier that it might if they flushed it. Wow.

Just when you think maybe, just maybe things might be changing, you see they aren't, they are still going strong. One stock seems to be a lot less crazy, a bit moderated, a ray of hope in this mass of insanity, and that was TWTR. In fact, on place started calling it Sh#%er, which I have been using ever since. It just fits so well. But, no, now in the aftermarket (look on say a 1-min) it just did one of the strongest rocket launches I've ever seen, up about 28% from the close, and still rising very strongly. Nope, the 'bull' is a long ways from dead. Until this nonsense stops, the 'bulls#%&' market is alive and well.

Still rising, up about 30% now. Wow.

And speaking of change of character, iwm outperformed spy all day, at the high and at the lows. Just feels like one more bear trap ahead of the fed and jobs. Wouldn't be short into either, personally...

I think this is a good overview of the situation. No solutions (since there really are none), nothing new, but a good synopsis.

http://www.zerohedge.com/news/2014-08-02/do-over-groupthink-mass-delusion-and-hell-pay