OptionEye.....Nov. 14th

[ShelladyOptions]

Stocks are down as concerns continue to linger on the ability of Europe to contain its debt crisis.  The grains are pointing higher to unchanged this morning.  We shall see if traders come in today and react to last week's vol sell off.  It looks as if right now we are in a bit of a holding pattern , but we shall see how things fair after the bell.

Scott 

[vrbuck]

We are resting on support if that breaks Katie bar the door

[ShelladyOptions]

I think you are right.  As far there being an undercurrent of consensus down here it just does not seem to be the case.  Things are very reactionary down on the floor these days. 

Scott

[vrbuck]

Volume is under half what it was four days ago at the peak, and we possibly broke support, possibly because it could be a shadow low. Looks bad.