Replies to post #11286 on Market Swings

[75playa]

There are some real oddities for sure. You have volume increasing but still reasonable for the move to continue. The hourly charts just seem to have gone down too far and the summation didn't jive with the amount of fall.
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I see a clear DTL on the hourly FUTURES (24 hour chart) that points to about 1080. If that gets taken out tonight they will probably jamb it way up. I don't know what that would do for the morning though.

My guess is that they make a try at it tonight. I bet they do.

I would hold until some sort of trend line breaks. If it does I would get out. There are lots of people ready to cover on Friday's and it does have some divergences to help push it.

Long term it's toast but it would suck to hold and go under water after that nice ride.