Gold up, dollar down. S&P more than 2 percent down next support is 1708 and DIJA near its 200 day average and 275 points down.VIX up , Oil futures down this is the state of the US markets , where does it go from here?It is now certain the correction will be deeper than predicted and it was not a simple pull back.The emerging markets are being blamed, which is not completely true as retailers are blamed for taking markets down .It is usually the big players who run at the first sign of weakness and the poor retailer gets off last.Do we see sub 15k levels for DIJA ? let us see how much of the downside is pulled back before closing or do we see another 300 plus point closing in the red?