The market is at very oversold levels now, on the short term. Breadth has been overwhelmingly negative. NYSE stocks over thier 10 dma is under 10% as of today's close. THe most extreme level low since the March 03 bull. NYSE stocks over thier 30 dma is at 40%. Lower than it has been since the summer. P/C ratio is at a relative extreme. VIX has shot up and way stretched. And people think Al Queda is going to blow up the world sooner than later. (whether they will or not is beside the point, my point is the terrorist fears stoking selling) I'll be standing with open arms the next 3 trading days. Give it to me baby. I'll buy it.