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yep

the close today ought to be interesting

It is very sad that someone so young, with two babies would embrace that thought. I would heed EC's advise. He a wise soul.

so we are backtesting the Jan trendline.

talk about volatile. We just halved in about 2 minutes.

Daily containment view
1120's: purple&yellow
112.89 Jan. TL
http://www.flickr.com/photos/47091634@N04/46162

Well I have skinny but inefficient fingers! I will just set the triggers so I don't have to worry. You could be right about moving up from here it looks now. I'd imagine though if we go back down to test that 1120 level today, that we'll go through it.

I thought they fired that guy with the “fat finger”? LOL

Relax, I think there will be time to get out, and go long. Yes, it will move fast, but you will be able to hit the sell button in time. I just don't think they will pull another “1,000 point drop” in 20 minutes.

I think it will be multiple days of selling, with the last day triggering the bot's to buy around 980-990 level. It should look like the February 5th low, with the huge “bottoming tail” on the candle.

I could have got out then, and went long, with time to spare. It did move fast, but not so fast that you couldn't get out and back in. Of course, stupid me kept thinking it would go lower… but it never did.

I won't make that mistake this time around…

could be but it looks like it is really trying to break this level today. If we are to make it to 990 by Wed. (don't know if this will happen), we have to move fast.

Yeah, I agree…

I'm not saying that tomorrow is a big up day, but maybe a flat day… before all the charts line up pointing in the “Down” direction. That would be another wave 3, or something? More selling is coming, that's for sure. I'm saying put for now (no pun intended)

Red, if we get much lower than this, then we will have to hold onto our hats! Maybe it will wait until tomorrow or Wed or maybe it will happen today?!