huge volume, hopefully it means rebound first or better capitulation, then we'll see.
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I think market reach to the level, no one anticipated and at this point no one knows where this is heading...all bets off! This looks like more than a correction...best luck!
if the rebound is strong then it's capitulation. wait and see. I'd prefer the see the rebound exceed the tinted area.
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champix wrote:my one and only hope on a bullish move...
Fib and P&F show good support at 1833 - I'm not that worried. What worries me is the deterioration of the Bullish Percentages. So much damage in the last few days. Market will not shoot back up to 2000 in the next few weeks or even months.
Last edited by uempel on Wed Oct 15, 2014 1:56 pm, edited 1 time in total.
Al_Dente wrote:no comparison to 1987
at 1987 levels, it was down -22.6% in a single day
at the moment the dow is down -2.6% today [now -2.3%]
That must have been just nuts.
yup, no computers then, just Quotrons, phone orders and "wire orders"
oy, berserk
off topic:
peak to trough (from the 9/19 high) we are now down roughly -9.8%
This is the 10% correction we’ve all been waiting for
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.