THAT SOUND YOU HEAR
IS THE TOILET FLUSH!

100 YEN broken overnight...huge plunge in the futures this morning. This has the chance to be a crash or a capitulation so watch the first hour very carefully this morning. If they throw em out the window all at once we may see an important turn later in the day. Up opens for the most part have been a disaster. I like brutal down opens better.




The charts look awful for MLPS. The weekly chart is sitting right on its 144 day moving average with the 200 sitting lower under 270, We're going the same way with everything else this morning so make sure your seatbelt is fastened and your hands are firmly holding on to the metal bar in front of you.

No news this morning so far and no upgrades or downgrades. On a morning like this it wouldn't make a difference anyway.