long bp, xom,dia, dia leaps from friday close long dvy from the open print. odds favor a short term bounce. the strength in the banks say no black monday.
Just curious. Are those longer-term, fighting shorts that will be held in the face of an uptrend ("boxers"), or are they short-term shorts with tight stops ("briefs")?
we have our own sentiment indicator on et. when you see 3 threads like this at once you know it must be late to short. Black Monday ?? Another -300.00 pts down to go in the Dow! Look for the Market to tank 300 pts today, Bull Trap!
The trend is your friend, sometimes the herd is where is money is at, sometimes the contrarian view is where the money is at. Have to be flexible.
Making predictions although a bit of harmless fun is a fool's game. If you make enough calls sooner or later you might get one right. But one call in isolation from one's trackrecord is meaningless. Just trade the action. Forget about predicting where the market will go.