At 11:45am today the NYSE trin spiked to 3.80 and on the Nasdaq to 5.09. Both of these are relatively unheard of levels. My personal theory is that when the S&P broke down to new lows of the year (at the same time), major sell stops were hit and tons of program trading went off. Once this selling was over it was only natural that the markets slowly ground upwards into the close with all bigger sellers done. anyone care to discuss or offer any opinion? Mind you, in no way am I calling for some sort of bottom here (I am strictly intraday so I could care less), am just talking about what happened during the day. If I had to bet longer term I think its still down further.