US market sell-off on Monday

Discussion in 'Trading' started by gamalruach, Mar 12, 2004.

  1. Here's a post by a trader that... should be re-posted.

    I did some research on the US equities market. The past couple days of sell off has me worried. If the market does not rally tomorrow (Friday) and closes at the LOD, I have a feeling we are in for a big correction on Monday. I did some comparisons on the 29 and 87 crash and 9/11 correction and chart patterns are coming close to what happened 2-3 days before the event.

    If Friday closes LOD, then I see a drop to 1040-1050 on the S&P on Monday.