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As the ship sinks the panic levels are increasing.  Although I am uncomfortable being overweight short or long at this point I would expect a major panic low to set-in soon assuming the government doesn’t step in to rescue the market from itself.  FYI – the market wants to go lower and needs no rescuing or government meddling.  We need a panic low to create a base for any sort of sustained upside move.  Until then it’s likely that the buyers will wait for lower prices.