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DIVE DIVE DIVE U571


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#1 hedgehawk

hedgehawk

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Posted 09 August 2007 - 08:31 PM

I sat on the side lines today watching the market dive, felt like there was no bottom. Not an ideal environment for a countertrader. My gut feels like selling could continue through Friday, I dont think anyone wants to hold over the weekend. Then continued selling Monday morning as the moms and pops use the news paper to adjust their portfolios. The VIX is at a 52 week high, and sentimentrader.com looks like it has broke in half. Are New lows are on the way? Will 1,427.39 hold?