Markets move on sentiment. We've all seen a huge amount of people calling for this lower low for at least a few weeks now. Many people are looking forward to it at this point. It could very well become a self-fulfilling prophecy, especially if the institutional money is holding out for that lower low as I expect. At this point I hope we see a huge panic sell followed by a very quick rebound. I raised some cash last week just in case, glad I did.