20080626PM

DOW 11,453.42 -358.41
NASDAQ 2,321.37 -79.89
S&P 500 1,283.15 -38.82

Oil new intraday high at 140.
Gold up 32.

Markets closed at/near low of day, though volume was not heavy. Price destruction without volume.

Press/TV seem panicked, so the "talking head indicator" appears to be calling a trade-able low. Right here, right now.
Mid-term there is more downside, particularly for techs that don't have earning power and financials.

GSS 3.45 +.3.
TRE 4.65 +.07. Look to buy.

C 17.67 -1.18 on huge volume. A short near 20 would be nice!
GM 11.43 -1.38. Big volume. Three decade low.
SRS 102.73 +6.45. Big volume. 52 week range 78.95 - 151.99.