FB called for a retest and then a massive bounce from there. If he gets this right, I hope he gets the bounce right. Art Cashin, one of the few I truly respect on CNBC (he's a guest not an employee), also said he expects an historic bounce if the bottom holds.

The market just needs to know the bottom. Then the shorts start covering on mass. SDS is held in record amounts. I can imagine that when that alone starts getting dumped it will have a huge impact. This is one of the reasons that banning shorts was such a bad idea. Shorts take things down but they also take them back up and can do it very quickly.

My only play today is to buy 100 share of uyg which is the opposite of SKF.

I am actually really shocked to see my gold portfolio turning Green. ABX, CEF, G, K all turning green. We'll see if they hold.