This is looking like a BEAR market

I think it's time to do some spreads.

 

Don't ya just loves "gaps"?

 

NASDAQ down well over 2%, SP500 down almost 2%, as we speak? I get it that maybe its not a "crash", sure. But it sure hurts!!!

 

The sentiment is incredibly negative but still no panic, yet. I'm still waiting for the panic to happen.

If this market closes at the low there is a big chance of panic on Sunday afternoon when the CME opens. It could be a lock-limit down (-5%) scenario. That could be the bottom -- you never know.

 

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Crashes seldom happen;
good 3x inverse bear moves with ETFs, with 15 minutes til close

 

Further capitulation at the end, Naz ending down 2.72%. Brutal. I see no glimmer of hope at all, look out below!!!

 

You seem to be inexperienced and lost. Why are you investing in IT which has been in a clear correction for months ? Gee, I wonder if any of my energy stocks can make money at $84-$85 Oil; guess we'll find out soon I maintain some "hope" that they will. I guess I see opportunity when you see only doom.

 

I am trying to buy when they are cheaper?

 

I still think Sunday is the key. If it doesn't tank immediately at the open, the selling might be over. The only problem is the Asian & especially the European bourses are surely going to tank at the open.