I am fully convinced that today's price action will be double the psychological tax. The sell off in bonds and the money that is flowing to the stock market are raising my expectations of an inflection point being reached today. I continue to believe that market makers will make options expire as close to worthless as possible. The yen may show one last run that will be reversed quickly. The caution comes in because the downdraft will most likely be 200-300 pips. Clearing all the order books and creating an upside vacuum will provide a significant bottom either today or Monday. BE EXTREMELY CAUTIOUS!