Back at Nov. 08 lows.

So here we o , S&P500 near Nov intra-day lows and the Dow below those lows. the nasdaq is above well those lows.
Also the VIX is lower, which ca be a good or a bad thing.
Lets worry but a bit later maybe. Why? because we are oversold and many indicators point to a rally, at least a short one.
Once we get that we will know the staying power of that rally. I got some USO calls today as I think Oil is looking pretty good.
But honestly other than technical rallies there is nothing else which can take the markets up as of now. Just when you think it cannot get worse the banks and the economy show their true side.
So its just trade technical atterns for me, nothing else.