By tomorrow, if 870 or lower is the printed close, we know more downside is coming next week. On the other hand, if it can land higher or equal to 880, the current sell off is over. Option ex closes are very useful in this manner. Edit: I was done trading since 3 pm. Not interested in the mess that is going on at the moment.
The news is a comedy script hhhhttp://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={598b129f-35a4-4105-962c-8c42a9edc265}
Good one. I was frozen into inaction --- couldn't pull the trigger because I BELIEVED the markets were reversing... biggest barrier to profitable trading is to trade on what you believe etc
Is that supposed to be written in the past tense or the future tense? I wasn't too sure what you're aiming at.