JC - I still see OBV in a downtrend on the daily. Only the 3 minute OBV shows positive movement. I think we are going to continue to see some liquidating as instituutions/big players re-evaluate their risk reward levels.

This is going to happen on a broad scale and retail will eventually give up. When that happens, it will be at the bottom.

I got lucky and moved my entire 401k into a roll over IRA on Friday sitting in cash right now. I've been only in KRY in my regular account for the past 3 weeks. All others cash.

The good news....this needed to happen and the saavy investors who can pick up decent buys over the next few weeks/months will eventually see some unprecedented gains in the future. It all depends on how much short term pain one can tolerate, but I'm staying in cash until I see some signs of life come back in.

Except of course for KRY, which I am strongly considering buying more of very soon...I think we may need to break .80 before we see serious buying, but right now the PPS vs "real" value is just plain silly-low.