You all remember how on May 6th the market dropped like a rock only to reverse very quickly. I will refer to this type of crash as Flash Crash just as the media calls it. Another scenario is quite possible when there is no significant reversal on Day 1. I will refer to it as Flush Crash (as in flushing longs down the toilet). My question is: if we do have another large drops like on May 6th, what kind will it be?
1) 0-2 2) If the market "adheres' to history, the next record-breaking downday should occur in the Fall and be a "one-way" affair. We'll see. :eek: