Total Meltdown

What's happening in the futures? TOTAL MELTDOWN down nearly 100 points in YM in 60 seconds??

 

You should watch the economic calendar

http://www.bloomberg.com/markets/ecalendar/index.html

 

Anyone think today is going to be a really rough day ?

Past 2 days has been a real struggle between bulls and bears. CPI might have put a nail in this coffin. Now it looks like bears might win this one. It is possible today will get really ugly, but I am not sure.

Any thoughts ?

 

Black Thursday?? DJIA sub 11k today/tomorrow, VIX plus 30??


Gary

 

I'm pretty sure today is gonna be an big up day because EtfTraderLives said so and he's never wrong:

"Either Wednesday/Thursday is going to be a gap up and run day! Likely Thursday according to my estimates and chart analysis. "

http://www.elitetrader.com/vb/showthread.php?s=&threadid=133852

 

its because of the inflation numbers and jobless claims that came out at 8:30. both much higher than expectations.