We tested the lows for the $RUT, slightly for the $COMP, and not quite for the $SPX and $DJIA. The $VIX remains elevated, but the fear seems to be subsiding as it has not tested it's own highs (as of today). The indicator is still consolidating and a breakout is still possible as long as it hold the 20-day MA. As long as we have uncertainty surrounding the markets, it cannot start a strong rally (Ex: GM). In addition, looking at the market's components, 14 out of 28 sectors ended lower with the most decline coming from the broker-dealers, banks, semis, telecom, transports, and gold...