Another drop for WED

Today was yet another low volume drop day, so no bottom just yet.
http://tinyurl.com/8oj5a6

I'm figuring out that option buyers are just as clueless as anyone else.
The $CPCE ratio don't mean sh!t.
The ISEE don't mean sh!t.
Candlestick patterns don't mean sh!t.
Econ news don't mean sh!t.
$TNX don't mean sh!t.
PoG don't mean sh!t.
But volume... Volume will show you when everyone has p!$$ed their pants.

I'm waiting for the New Highs/Actives to ring the bell before going hog wild with calls.
http://tinyurl.com/byro6n
And I'm waiting for the $SPX / % above 50MA to seriously drop.
http://tinyurl.com/bdau2a

An intermediate bottom is near.
It could be SPX 680 near...
or 640 near...
or 600 near.
But any old day now there's gonna be one nasty-a$$ short covering rally based on some super duper news release that changes the market parameters/matrix/fundamentals