Monday, January 21, 2008

Here Comes The Shift!!!

Hang on to your hats folks. If the fed does not intervene, the market is set to crash from the open. Dow futures are down over -500 points and S&P 500 futures are down over -64 points. Professional traders are in a full out panic. I am expecting a torrent of stop losses and sell orders to hit the open of the market if the fed does not cut a full point. Expect computer systems at the exchanges to choke on the volume and lock up. Think about how panicky you get when your home computer crashes. Now imagine the panic when the computers at the exchanges crash when the DJIA is down -500 points. This is ugly.

No comments:

Powered By Blogger