Is there anything to stop a capitulation Tuesday?

Quote from ByLoSellHi:

We need to move down to 9,625 on the Dow, 1985 on the Nasdaq and 1075 on the S&P to have a clean base.

Hopefully, by that time, all the weak financial actors will have been taken out, interest rate policy will be supportive of price stability and a strong USD, wage increases will at least match inflation, and much of the fear and panic that exists now about retirement savings, the stability of banks, clear governmental policies by whatever party and candidates will have been voted into office will emerge, the trend in employment will be up, and a bottom in housing values will be in.
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Pheeeeeeeeew! Couldn't have said it any better. Market needs to bleed out, then re-price.
 
Futures are down but I just can't get my head around the S&P opening with a gap down below 1220.

May go down after open but I cant see it at open....
 
The dollar is getting sodemized tonight. I'm heavily short the dollar but I feel bad for USA for what I believe is about to happen.
 
Quote from womblevader:

Looks pretty bad

1. Future are down across the board
DOW below 11,000
S&P has dipped below 1220

2. USD has dropped steadily since Monday market close.

3. There are supposedly a lot of stops to be triggered just below these levels.

On the positive side
1. It looks too easy
2. There will be a "lot" of short positions already.
3. No really bad news expected today [so far].
4. Markets don't always do what they are supposed to.
5. Gold is stable.

Does anyone know of anything that will prevent a meltdown tonight [besides PPT]?

Thanks in advance.
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US$ going down the drain
 
Well, I just bought a crapload of crash plays in the last 24 hours - if that doesn't make the market rally, nothing will.
 
What are your crash plays Cutten?

For what it's worth, I continue to hold onto my shorts in WM, NCC, WB, ZION, FRE and FNM


Quote from Cutten:

Well, I just bought a crapload of crash plays in the last 24 hours - if that doesn't make the market rally, nothing will.
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"Is there anything to stop a capitulation Tuesday?"

Probably nothing except maybe you expecting it.

Between the talking heads at CNBC and ET I hear the word capitulation at least a dozen times a day.

And what keeps happening instead?

Sharp pops with grinding drops.
 
In Europe, ESTX50 and SMI are trading just below
the 50% retracement of the 2003-2007 bull market.
3217 on the Future for ESTX50.
6583 on the cash SMI.
If we jump above again today, I am buying.
 
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