crash

[hedgez]

There has not been a selling frenzy yet, like the insane buying frenzy we saw in early 2000 just before everything turned.

 

[DisciplinedHedg]

Its curious that the Asian markets and European markets traded down 2-5% ahead of the US markets. Lately the US markets have been leading them down.

My guess is that they were factoring in the increasing middle and I/P tension. Anything else that wouldve knocked them down that much? Our markets weren't THAT weak on Friday were they?

In any case, I don't like the fact that we are down 300 on the DOW and still trading heavy. And that we got here on a steady descent.

 

[Gordon Gekko]

this is getting exciting..

 

[hedgez]

It is unbelievable how orderly this sell-off is.

 

[Newatthis]

Not enough volume to call this a bottom yet. But we are having FUN! Don't abort stay short.

 

[PuffyGums]

The emini came off support at 876. Anybody want to call a bottom now?

 

[lundy]

bet nobody expected a bounce!!!!!!

i wonder what it will be blamed on? maybe the plunge protection team.

 

[PuffyGums]

Maybe an official market technician can make the call, but I believe the market is bouncing off support at the neckline of the so called head and shoulders pattern everyone has been commenting on.

 

[DT-waw]

lundy, king of average down...

 

[PubliasEnigma]

We all know you did though right Lundy???

Publias