My prediction: DOW -500 tomorrow Tuesday Jan 22, 08….

[davelj]

No. If the market is already down 5%-ish and the financials report poor earnings – even if they’re in line with already expected crappy results – then Apple’s report, even if it’s good, will be irrelevant. It’s like the doctor telling you you’ve got brain cancer, but hey, it looks like you’ve lost 5 pounds. Not much comfort, really.

Something dramatic has to happen to change the overall appetite for risk and I don’t know what that would be. But good Apple earnings ain’t it. That much I know for sure.

Currently the futures are setting new lows. But you never know… strange things can happen at these junctures.

[robson]

well futures now at -650 Dow and -70 SP. With European markets on their way to another -3 to 4%, I am at the point of asking not how ours can fall this much, but how it could fall this little. This is 2 days of pent up world wide crashing. Right now the main index that seems to have faired the BEST during that time is London, which has fallen about 7.5%, not 5.5% like the futures are showing. A lot of people are gonna be waking up in about 6 hours not knowing what is waiting for them.

[robson]

well futures now at -650 Dow and -70 SP. With European markets on their way to another -3 to 4%, I am at the point of asking not how ours can fall this much, but how it could fall this little. This is 2 days of pent up world wide crashing. Right now the main index that seems to have faired the BEST during that time is London, which has fallen about 7.5%, not 5.5% like the futures are showing. A lot of people are gonna be waking up in about 6 hours not knowing what is waiting for them.

[robson]

well futures now at -650 Dow and -70 SP. With European markets on their way to another -3 to 4%, I am at the point of asking not how ours can fall this much, but how it could fall this little. This is 2 days of pent up world wide crashing. Right now the main index that seems to have faired the BEST during that time is London, which has fallen about 7.5%, not 5.5% like the futures are showing. A lot of people are gonna be waking up in about 6 hours not knowing what is waiting for them.

[robson]

well futures now at -650 Dow and -70 SP. With European markets on their way to another -3 to 4%, I am at the point of asking not how ours can fall this much, but how it could fall this little. This is 2 days of pent up world wide crashing. Right now the main index that seems to have faired the BEST during that time is London, which has fallen about 7.5%, not 5.5% like the futures are showing. A lot of people are gonna be waking up in about 6 hours not knowing what is waiting for them.

[robson]

well futures now at -650 Dow and -70 SP. With European markets on their way to another -3 to 4%, I am at the point of asking not how ours can fall this much, but how it could fall this little. This is 2 days of pent up world wide crashing. Right now the main index that seems to have faired the BEST during that time is London, which has fallen about 7.5%, not 5.5% like the futures are showing. A lot of people are gonna be waking up in about 6 hours not knowing what is waiting for them.

[Chris Scoreboard Johnston]

This is what so many of you hoped for, why be afraid, you should be thrilled. Those of us who said be careful what you wished for were talking about exactly this scenario. Obviously the market is short term oversold and will bounce sharply in the next day or two even today it could happen.

The PPT’s .75 seem to disappoint traders based on the tape, However, based on this opening being past a -4.0 std deviations based on a 60 day regression channel, it is likely to be a short term low today. Every other time in history I can find where we touched the -4.0 we had a significant bounce almost immediately.

I exited my futures long Sunday luckily when it was actually in the green from Fridays close, so I am probably going to sit this one out. Trading in this volatility is straight out gambling. If we get way down I will nibble on a few blue chip stocks I like. I took my Gold shorts off profitably last night, and am only short Cocoa at this point which is unaffected by this stuff. I am looking to put on a heavy short position on Gold during any bounce we get up from here during the next week.

[Chris Scoreboard Johnston]

This is what so many of you hoped for, why be afraid, you should be thrilled. Those of us who said be careful what you wished for were talking about exactly this scenario. Obviously the market is short term oversold and will bounce sharply in the next day or two even today it could happen.

The PPT’s .75 seem to disappoint traders based on the tape, However, based on this opening being past a -4.0 std deviations based on a 60 day regression channel, it is likely to be a short term low today. Every other time in history I can find where we touched the -4.0 we had a significant bounce almost immediately.

I exited my futures long Sunday luckily when it was actually in the green from Fridays close, so I am probably going to sit this one out. Trading in this volatility is straight out gambling. If we get way down I will nibble on a few blue chip stocks I like. I took my Gold shorts off profitably last night, and am only short Cocoa at this point which is unaffected by this stuff. I am looking to put on a heavy short position on Gold during any bounce we get up from here during the next week.

[Chris Scoreboard Johnston]

This is what so many of you hoped for, why be afraid, you should be thrilled. Those of us who said be careful what you wished for were talking about exactly this scenario. Obviously the market is short term oversold and will bounce sharply in the next day or two even today it could happen.

The PPT’s .75 seem to disappoint traders based on the tape, However, based on this opening being past a -4.0 std deviations based on a 60 day regression channel, it is likely to be a short term low today. Every other time in history I can find where we touched the -4.0 we had a significant bounce almost immediately.

I exited my futures long Sunday luckily when it was actually in the green from Fridays close, so I am probably going to sit this one out. Trading in this volatility is straight out gambling. If we get way down I will nibble on a few blue chip stocks I like. I took my Gold shorts off profitably last night, and am only short Cocoa at this point which is unaffected by this stuff. I am looking to put on a heavy short position on Gold during any bounce we get up from here during the next week.

[Chris Scoreboard Johnston]

This is what so many of you hoped for, why be afraid, you should be thrilled. Those of us who said be careful what you wished for were talking about exactly this scenario. Obviously the market is short term oversold and will bounce sharply in the next day or two even today it could happen.

The PPT’s .75 seem to disappoint traders based on the tape, However, based on this opening being past a -4.0 std deviations based on a 60 day regression channel, it is likely to be a short term low today. Every other time in history I can find where we touched the -4.0 we had a significant bounce almost immediately.

I exited my futures long Sunday luckily when it was actually in the green from Fridays close, so I am probably going to sit this one out. Trading in this volatility is straight out gambling. If we get way down I will nibble on a few blue chip stocks I like. I took my Gold shorts off profitably last night, and am only short Cocoa at this point which is unaffected by this stuff. I am looking to put on a heavy short position on Gold during any bounce we get up from here during the next week.

[Chris Scoreboard Johnston]

This is what so many of you hoped for, why be afraid, you should be thrilled. Those of us who said be careful what you wished for were talking about exactly this scenario. Obviously the market is short term oversold and will bounce sharply in the next day or two even today it could happen.

The PPT’s .75 seem to disappoint traders based on the tape, However, based on this opening being past a -4.0 std deviations based on a 60 day regression channel, it is likely to be a short term low today. Every other time in history I can find where we touched the -4.0 we had a significant bounce almost immediately.

I exited my futures long Sunday luckily when it was actually in the green from Fridays close, so I am probably going to sit this one out. Trading in this volatility is straight out gambling. If we get way down I will nibble on a few blue chip stocks I like. I took my Gold shorts off profitably last night, and am only short Cocoa at this point which is unaffected by this stuff. I am looking to put on a heavy short position on Gold during any bounce we get up from here during the next week.

[HereWeGo]

Down 300, not really all that terrible. Still a very long ways to go in the day, though.

[HereWeGo]

Down 300, not really all that terrible. Still a very long ways to go in the day, though.

[HereWeGo]

Down 300, not really all that terrible. Still a very long ways to go in the day, though.

[HereWeGo]

Down 300, not really all that terrible. Still a very long ways to go in the day, though.

[Author]

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