02-21-08 02:05 PM S&P may see 900. Can't you see what is being setup? You must study history to understand the future. It's already clear what party is going to win the election. It's not all in the technicals. This one will go down in the history books. Are we making history or what? America's Monetary Supremacy is over.
If intervention is going to happen, gold goes to zero by organized government rules ... sad but true.
your make believe trades are down 27k in 1 afternoon. No real daytrader with your size will ever let it get to this point especially in current market. 880-890 is key support(which we just hit in after hour due to the oversea market plunging) just as 1000 was, if we break that the next leg down is 760ish range from the 02 triple bottom, after that....god help us all. The problem with this market right now is there are NO buyers at all, nada. And noone can get credit, so the only way to get it is by liquidating the stock for cash. As that's the only source that can quickly obtain cash.
I'm not looking to buy here at all. I'll take a look at things tomorrow morning around 6am EST. Then I"ll make my decision.