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Having a look at the VIX:

[ATTACH=full]111899[/ATTACH]

So we open lower, trade a little lower and look for support and a bounce from mid-morning into the close. That scenario plays out if the resistance line on the VIX holds. If it fails, then obviously the sell-off will continue into the close.

My 'feeling' is that it holds and we trade higher into the close.

[ATTACH=full]111900[/ATTACH][ATTACH=full]111901[/ATTACH]

Both of these charts reflect the breadth of the market and indicate strength in a broad market bounce.

Which is supported via:

[ATTACH=full]111902[/ATTACH]

Which can be compared to the situation earlier in the day.

jog on

duc