Indices closed down 5.5% to 6.9% in high volume selling......

Indices closed almost @ low of the day, taking down all support in indices.

Politicians are still not getting it, still busy with face time on TV....

Internals were as listed below :

Down volume led by 81.70 to 1 in NYSE & 180.41 to 1 in Nasdaq....this stat could be @ all time record.

Declining stocks led by 65.89 to 1 in NYSE & 20.74 to 1 in nasdaq

New lows were 1334 in NYSE & 683 in Nasdaq

VIX jumped 50% @ 48

All the above stat in combination is much more than capitulation, but we are facing an unusual situation in US where politicians have lost it completely....thus the pain continues.

S&P 500 has lost 227.72 points in roughly 2 weeks, a stunning drop of 16.91% ....

RSI @ close @ 16.46...i thought this low can happen in a nuclear attack ?

Oil is tumbling Down $5.57 @ 81.31

Gold @ all time high UP $61.40 @ $1713.20

AH picture is equally disturbing....

Futures are down sharply Dow 292, S&P 500 31 & Nasdaq 70...so we are all set to tumble @ open again......

AH Asian Markets are down sharply Nikkei 4.48%, Hang Seng 7.28%

AH Oil down $5.02 @ $76.29

AH Gold UP $29.40 @ $1742.60

BLOG does NOT give buy or sell.

Saleem