On the Cusp

  • The averages have remained in a narrow band for the last two hours.  The Dow is down 240 to 6823 or 3.5%.  The S&P is down 29 or 4% to 706.
  • Should it break 700 in a decisive way we could have a hellish afternoon.  Or, (hold your breath) it could bounce off 700 and rally a little.
  • This feels like the bears and bulls are playing chicken. He only made three movies yet he is still idolized, especially for this. James Dean – Chickie Run
  • Traders have their sell pads and buy pads all filled in, all they have to do is time stamp them.  We will have to wait to see which ticket they use.
  • The next hour could be critical.  Stay tuned.