I have .54 and that is not enough for an extreme, even though it is a down day, most of the excessive call buying was early (we had some readings well under .5). Not enough to take a medium term bearish position, just the resumption of the "regular programming" (g). Near the close doubled on the bu$$ at $29.77, and took off PII at $90.94, that brings my cash well under 40% (splurged with INTC, IBM, OVTI, COCO etc...). I am out tomorrow, and since we are at a point where a very rapid decline could occur, I have only fe OB's under the market (TARO for instance around $66 almost there). By lunch it should be clearer wher we go. The failure of 1955 surely weigh heavy on the ods that the 1842/50 area will be revisited before christmas.