 headline news update welcome folks we have the now industrials trading down 151 Nasdaq's off 292 S&P's are off 40 gold gold contract up $12 traded at 1852 an ounce we have silver up 15 cents $21 58 cents an ounce light sweet crude up five and a half dollars 105 dollars 30 cents a barrel notes and bonds the 10 year up 16 ticks one 1909 the 30 year up a full point plus one tick at 139 21 and King dollar King dollars off 55 ticks trading 103 867 Euro 105 yen 129 and the British pound out here at 120 right man we're hiding 122 to one US dollar we don't take a look at the S&P's folks in a bottom line is that you know you reach the first A to B equals the C to D that being said guess what your next one is a 1.382 a one to a 1.382 so the first one was 394 the bottom line is that because the Nasdaq had made its projection folks the bottom line I suspect that you see the spy run down to 366 that's how this thing is running out we go intraday and we take a look at this intraday when you're going to see is that you know the markets pretty amazing and because evidently you know we've had bounces for so long folks this market's not going to bottom until you hear no one saying they're buying it that's the market we're in man and we're a long way away from that that's my take man you know it's it's a down market and it actually blows my mind that people aren't selling into it but it is what that's what makes a market man the S&P's intraday S&P's out here that couldn't even do a 0.382 a well it did just a 0.382 bounce you know the last 40-50 minutes the NQ's didn't even get close so that's telling me the NQ's and the S&P are going to continue south in this next 60 minutes that's how these babies are shaking out because the NQ is leading everything and the NQ you can see that little bounce that we got that wasn't that he couldn't even generate 0.382 retracement intraday gold gold contract out here straightened up 1250 now it's going to be interesting here you know we have 213,000 contracts you know so it rejected lower price and it is going into his breakout area you know 1824 you know still game and with still game of course is that ABC structure down stay right there folks come right