I was reeeaaal short tuesday (Economic Pi Cycle) and squeezed yesterday and on the sidelines today. I'm pretty green and have only been playing futures. It's scary out there. The machines are just waiting to draw blood as a part of this cleansing process. I'm going to play one play a day. There has to be people getting hammered in this deal. But how bad are people getting it? Enough to take them out for how long?
funny ... in the wall street journal today an article says that a gentleman who was with LTCM ( HF ) a few yrs ago had a good day this week nice to know in america ... people get a second chance sometimes to make good
its hard to be a bear on these equity markets since they aren't THAT overextended. and selloffs occur faster than buying, so you're more likely to miss the bulk of them.