crashing?

Attached is a chart I sent out to some of my guys last night. We broke through 2 levels of support on the daily QQQ today. Please remember that the NQ, QQQ, ES, YM, OEX, etc. will almost always follow each other. Further, highs/lows of the day or of various swings that occur intra-day will happen within one or two 1 minute bars as well.
 

Attachments

Another down day tomorrow will set up for some great long swing trades going into first week of February. Nice to finally see a little pullback.
 
Guys, I think alot of people here (including myself) have not experienced a true "crash" live. I just look at october 87 historical charts in sheer horror.

I think we are seeing alot of similarities between 87 and now, but there are quite a few differences also.

It's very tough to call a crash ahead of time, and even if you're right on entry... where do you get out?

Goodluck,
 
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