Massive Sell Off Today!!!

This will be interesting. HSI has not had a day like this in a while. I am with nathan on this one. this one will be a doozy. A snowball effect, which really doesnt help all of the poor news coming out.
 
Quote from candles:

anyone think we rally hard today?
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I am trading a signal on short term chart's that has now developped into an hourly divergence (almost there). So 'I think' :) there will be a bounce, counting on it.
 
First 2 weeks of Nov has always been weak seasonally.

Very hard to say if funds will jump in early to buy their year end picks.

Besides, who can predict Ben's next move :)
 
I'm long a bunch of esz07 from 1500 with a 1505.75 stop, please, tell me when you are going to go long, so I can exit.

Quote from NathanGresham:

With the $HSI losing more than 5%(1500+!) and the European markets selling off strong, we are going to have on huge down day! Dow 200+ point drop, S & P 20+ point drop. Short every thing across the board gentleman! it's going to get bad!

No decent macros will bee out this week, only pathetic corp earnings and weak macro indicators to print! Enjoy the slide!:)
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Quote from NathanGresham:

With the $HSI losing more than 5%(1500+!) and the European markets selling off strong, we are going to have on huge down day! Dow 200+ point drop, S & P 20+ point drop. Short every thing across the board gentleman! it's going to get bad!

No decent macros will bee out this week, only pathetic corp earnings and weak macro indicators to print! Enjoy the slide!:)
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or um maybe not. Massive rebound this morning. No one cares about Citi or subprime because it was never a big deal to beign with. Go long and buy.
 
Quote from stock_trad3r:

or um maybe not. Massive rebound this morning. No one cares about Citi or subprime because it was never a big deal to beign with. Go long and buy.
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lol there will be rallies and selloffs today. Go long and short, pick wisely get out wisely.
 
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