LOL. Yeah that would be a good algo. Number of ET'ers trying to pick a bottom both in chat and on the forum.
RBOB... ...RBHO got crushed today and currently trading below my QADn and YADn. RB Cracks right up against those ADns. More capitulation on the way?
SPX. The VIX is awfully complacent. I am seeing some signs of basing in the market though. Number lines are more choppy then weak and all my internal indicators show a very slow bidding process going on. We have a jobs number Friday though so the market is going to spike up and down and more then likely stay in a very wide trading range.