If they can push'em down 150+ into the close and get a Blue Friday, then maybe we have a chance at a Black Monday. And yes, I was around during the last Blue Friday-Black Monday, and I was around for the `77 & `78 October Massacres as well.
We all know threads with this title have been a great fade. This time the joke may be on the longs......
There is too much liquidity waiting to be allocated for there to be ANY extention to this drift lower. From these levels any sharp move will be to the upside.
These are not buzzwords - these are just words that best descibe current market dynamics. If you do not understand I will gladly explain them when I have time. FWIW, by "desk" i am referring to the team of traders and salesman that I manage.