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You'll get a chance to get in at the lows yesterday at some point. Problem is, if it tests the lows from yesterday it probably goes lower. If you think it's going high again just buy it and chaulk it up as a 600 point mistake. I can tell you though, my fiancee's 401 wasn't up yesterday...

If these S&P's don't get above that 1370 as fast as they broke down from it we will see new lows. It's classic edwards and magee or most pivot point analysis for a swing low that is broken to get tested before heading lower. People are talking 1406, I don't see more than 1370, but who...

I hear comparisons to August 16th bottom but look at it this way. August 16th the markets were still in an uptrend. They put in hammers, at least on the Dow and held the 200 day moving average. These charts are broken beyond belief. To talk about new highs from here is crazy. The only...

500 points off the low from yesterday. That's a rally back to unchanged almost. That's a massive hammer on the daily charts. That's a similar pattern to August 16th. That's what everybody was hanging their hats on TV last night. That's what Asia was hanging on last night. Those lows...

There is nothing worse than this if your a Bull. This is going to head right back the other way as everybody who bought yesterday is going to get trapped. Many will throw in the towel. Sell the rallies in Bear Markets.

My take is he said both. He said to get out of the market and that he would try to find some defensive places to go.

At least he got his followers out at the 12,500 break. I wonder if they actually listened. If they didn't they could be jumping from trees tomorrow.

Dude, it's fine to be bullish, but taking almost 20% of heat in the broad market because your bullish is downright suicidal. If your taking that much heat and bullish, I hope your looking out 2-3 years with your trades. To be honest, I'm surprised your not down more than 20%, you must have...

You must be able to assume a ton of risk if your bottom fishing the YM in this market for long term. I made close to 20 trades last week in the YM and the only time I got stopped out was trying to go long the YM overnight for a bounce.

I have to say, this is quite a bounce in the banks. Check out your charts especially if your short the broad market. This could lead to a decent tradeable bounce in the broad market. Citigroup was the clue this morning holding flat during selloff.

This is fast.

It's tough to believe how somebody could run an account that much money without withdrawing and banking it for 5% at some point. There are pro traders every so often you hear about that dumped all their eggs in one basket with options ran up their accounts a few million and never looked back...

WMT, C, JPM, PFE MO are all weak today. Watch to see if these rollover.

on YM... This Market is probably done to the North. Still probably not safe holding south overnight....Trade it.

Quotestream Wireless is the best I've seen for stock streaming quotes. They throw you time&sales and level II along with streaming charts for $39 a month. Be carefull though, too much information isn't necessarily good. I find myself sometimes overtrading with too much information. Esignal...

The Big Money Bulls may need to orchestrate one more big capitulation day before any bounce can occur. These weaklings that have been shorting just aren't scared enough to cover. Of course the big money is going to just hide orders on the bid and continue to accumulate as all the weaklings...

Were they saying to buy it ? I didn't listen to CNBC today. They were crying during the FRE news in the morning...

If you reviewed the majority of 10% corrections over the last few years in the major indexes I'm sure you would find some similarities with the intraday charts the last few days. The gap up at the open, selloff all day as weaklings who thought they had the bottom sell into big players hands...

We won't know until next week, but if that NAZ closes above 2583, those techs sure look good. Combine that with the NIkkei rejection of the August 16 lows last night and the BULLS may have some fuel here.

Not ET amateurs...In general, listen to practically every Trading show on the radio or TV and all the callers are asking about going SHORT....These are the same folks who will be sitting around Thanksgiving dinner telling their families how much money they made SHORTING the market on the recent...