"If this cycle doubles down and breaks lower after Wednesday, we are screwed at least until QE3 arrives.....but could be sooner than most think.....pic"

We are also screwed AFTER QE3 arrives because the banks will have more free money with which to depress stock prices even more. JP Morgan for example needs silver bullion and stocks down as far as possible and as long as possible to the point where and when they can cover their obligations (read as save their bankrupt butt).

Yes QE3 will arrive, it is just a matter of time when. Probably before November election ( I actually thought by now). This is due to Washington politicians continuing to print more paper money instead of cutting off the spending, reducing the debt and outsourcing.

With each depression in prices a potential is built up as rain water above a dam, sooner or later if pressure in not let out the dam will break.

That is my slant on the previous comments. Cheers.