Crash

So many support levels got broken today that it’s not if the markets will crash but how much further will they drop. I doubt a bailout bill passing on Thursday will help much, maybe a small bounce, but that’s all.

After some seriously bouncy weeks with huge swings in both directions, we now have a trend – down.

I don’t trade well in choppy markets, but give me a trend and I do much better.

Look out below.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s