Daytraders don't really know (or care) if it is down 1000 pts from previous close. As long as the short is down from entry, everything looks rosy.
A whopping 2.75%? I'll get excited when the index drops 10-15% in one session along with the Shanghai and see the Dow futures plummet 5%. The real freefall won't start until after Beijing Olympics next summer right?
I'm starting to care S&P 500 Dec '07 1470.40 -12.40 1480.90 1482.80 1466.90 2581 573999 CME 11/08/07 04:10:35 S&P 500 Mar '08 1492.40 s -42.70 1502.50 1513.90 1488.10 0 32624 CME 11/07/07 21:30:01 Thinking about picking up FXI perhaps.