http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864

Thursday and Friday dramatized the state of the markets.  Ordinarily we would think an 167 point day in the Dow would break the market, or at least send it spiraling down.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=8&dy=0&id=p57309614995&a=266398464

Next — debunking of top chatter.