I think another sell off is going to happen very shortly, as in this afternoon. It is going to be brutal! D
Given the magnitude of the recent sell off, there is definitely more to come. Historically the Dow seems to have a second sell off day about equal to the magnitude of the first. Yesterday was the first. I actually thought the market would sell off this morning and recover a little in the afternoon but now I think it is the opposite.
Not sure what to call this pattern but I have seen it before. The Dow literally has no support and it is going to crack.
Its better to be Lucky than good. <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/-oGrNYqXels?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/-oGrNYqXels?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>