Massive Sell Off Today!!!

This will be interesting. HSI has not had a day like this in a while. I am with nathan on this one. this one will be a doozy. A snowball effect, which really doesnt help all of the poor news coming out.

 

I am trading a signal on short term chart's that has now developped into an hourly divergence (almost there). So 'I think' there will be a bounce, counting on it.

 

I think it is
http://en.wikipedia.org/wiki/QDII

 

First 2 weeks of Nov has always been weak seasonally.

Very hard to say if funds will jump in early to buy their year end picks.

Besides, who can predict Ben's next move

 

Most mondays where the market is down 100+ dow pts pre-market usually finish up for the day.

 

I'm long a bunch of esz07 from 1500 with a 1505.75 stop, please, tell me when you are going to go long, so I can exit.

 

Buy the dip!

In all seriousness, this horrific day doesn't seem all that horrific.

 

hmm what timezone is this thing using...

 

or um maybe not. Massive rebound this morning. No one cares about Citi or subprime because it was never a big deal to beign with. Go long and buy.

 

lol there will be rallies and selloffs today. Go long and short, pick wisely get out wisely.