Batten down the hatches! We breaking waves and going for a ride down. The abyss. Fed has to act soon. Boosting back to $85 billion POMO?
Don't get too excited yet. The market hasn't even tested the low of the range and the low of the range didn't even make it to the previous breakout level.
200 points and falling. Circuit breakers and curbs may kick in this afternoon if we drop another 1000 points or so. The collapse can happen at any second thanks to HFT and sell orders. Human traders ready to pullback too
Perfect call by me. Down 3% in last two days. Maybe the guy predicting the mother of all head and shoulders was right! Monday is be bloody. Futures on Sunday will determine how red.
Damm .. I initially want to short the market in close, but I see all the doom days prediction in the ET forum... I know the market will up again consider most of the ET are losers. Will long on Monday as soon as some sign of bull.
i won't take any long Monday till NQ touches 3500..lot of technical problems NQ must address b4 broader market goes higher
the market has been a joke for years. i would not be shocked to see 700 down on s&p or 200 up from here. there was no reason for it to go 30% last year that's why it probably went up. there is no profit growth in sales its based on someone deciding stocks will now trade at higher multiplies. if we drop 100 more points on the s&p than you will see fear from the people forced to buy stocks for yield. it becomes a snowball rolling down a hill like we went to extreme highs it can go to extreme lows. you won't see the shorts because they been burned for years so selling is coming from longs right now wanting to cash in the winners.