DOW has about 100pt to go to tag a 5% correction. SPX has about 20pt to go to tag a 5% correction. Yesterday's TRIN was 2.72, today is 2.4. I dont think we have back to back such high TRIN reading even in 2002 ? have to go back to look it up. the high down ticks certainly is a first since 2003 bottom. so it seems align for a bounce. everyone expects a bounce also. where is the first resistance we should be wary of ?