The Dow 8000 level didn't have a chance. We're at around 7850 at this moment. However, the bulls are trying to put in a bottom for the day. It looks "iffy" to me. We're near the lows of the day right now. Another break below the earlier low could result in a new round of selling. The big money has been taking profits and selling earlier today. The smaller day-style traders -- like me -- have reversed to the short side!