Monday's after option expirations are typically down days and today was no different. The DOW closed down 250 points, the lowest closing level since May 1997. The selling was steady all day in face of short term oversold conditions. The McClellan Oscillator mentioned the past few days closed at -359. This is near the recent record set on November 9th when the Oscillator hit -407. The percent of up volume was over 80% negative, the 21 day MA dropped to 40%. Below 40% typically signals we are near a bounce within a day or two. November 9th and November 20th we registered a 33% reading. We also saw a 34% reading on October 27th.