KrunchieKilleen

S&P: No sign of the Black Monday yet

FX:SPX500   S&P 500 Index
130 1 4
This mornign early (6.30 Greenwich Mean Time), the HANG SENG took a sudden dip, but quick recovered to finish a little up. Later the DAX             and the FTSE             had a slight recovery. Outside of trading hours, the S&P             at first had a good recovery (but ot now, at 3 hours before opening) is beginning to weaken. If the American indices are to follow the Euorpean and Asian, today will see a slight recovery today instead of a drastic drop I predicted yesterday. However, I guess the sharp drop will actually continue or intensify, in accordance with trending line D.
Totally agree! Nice point. I am short on SPX500 at 1968 and I am green. Hardly, I will be beaten. Now, I am sure there will be slight recovery, but the price will continue to drop, I predict
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