Wow! If you weren't around for the 87 crash, and I was, then this environment surely feels foreign to you. Make no mistake, the market is crashing...period. Down 42% from the high for the S&P and about 40% for the DOW, most of that in the last two weeks. Yep,that's a crash. The 02 lows are now in sight. I believe they could be tested in short order, perhaps even as soon as tomorrow. It would look something like this...the markets open lower and just keep going down, down, down. There's no floor...get me out NOW! Zero is dead ahead. I'm going to be flipping hamburgers at Wendy's!! Sell man, SELLLLLLLLL!!! And then it happens. The market drops to just below 800 on the S&P and bam! Buyers emerge from nowhere. The market begins to rise from the ashes. Higher and higher it goes, just like it came down! Surely it'll reverse and go back down from here, but it doesn't. In what seems like Lazarus rising from the grave it explodes upward. Soon what was unthinkable just a little while ago is happening...the market goes positive. All is well in the world again!  This scenario is a very real possibility and EXACTLY what big money's looking for, assuming there's any left. Without this washout reversal, just as I said yesterday, buying this market could be hazardous to your financial condition. But if we get that washout, you may want to catch that ride with Lazarus!