Monday, March 2, 2009

There could be a sudden drop below 700

I am getting early signals for a 4-sigma move. If the market suddenly slides below 700 , it may drop additional 10 or more points by 4:15 to open below 670 tomorrow. This is somewhat similar situation to October crash. If this is the case, then there will be additional 10% or more percent drop in the morning and we may put a significant bottom right below 600 tomorrow morning.
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