I'll take my hat off to you (a virtual hat, seeing as I don't wear a real one) if we get your 1391 or thereabouts. P/C and VXN showing no fear whatsoever in the face of the decline of the last two days. Like you said today, sentiment is all important and we seem to be at a bullish extreme even tho price action suggests oversold. Looks like 5 down days in a row. Could spiral out of control here if sentiment turns negative and as losses mount. Or is my "panic" a contrary sign?