hah, hong kong market down 8%
go figure.

-497 in 5 minutes, bouncing around hard.

6 mins in and the Dow is down almost 400 points and still falling like a boulder from a building.

Here comes the rebound. Doesnt look like the circuit breakers will be getting dusted off today after all!

Not much of a rebound. Looks like it is gonna hold between 400 and 410....... or maybe not... 448 now

Forgive me if this has been covered already as I have just joined this thread....but GEEZ...Nasdaq took a beating this morning.



-87 and the doors just opened


What the heck is going on?

VIX (votility) was up at 90+, still around 85

thats a lot of action

Well analysts are predicting capitulation today.

That sounds like a bad thing, but in fact it would be the best news we've had in a while. Capitulation is when even long term investors dump stock out of blind panic, allowing the market's true valuation to be shown.

This then allows the formation of a floor, followed by recovery.


Then again, we could just be witnessing the opening shots of armageddon. After all, most traders will hold off for at least an hour while they assess the situation. For the market to drop 400 pts on start shows real fear.

The last hour of this session will be interesting as usual

Volume is EXTREMELY low right now which explains the bouncing around. If/when volume starts to reach normal levels...well, I can't say what will happen for sure, but it's safe to say it won't be a fiesta.

Originally posted by anachryon
Volume is EXTREMELY low right now which explains the bouncing around. If/when volume starts to reach normal levels...well, I can't say what will happen for sure, but it's safe to say it won't be a fiesta.

I thought VIX was volume?

looks like some of the EU markets are going to come back up a little since we didn't crash and burn? Looks like some of the euro charts are headed back up.

Yeah it was a rebound. Kinda annoying because we need capitulation to occur to allow a floor to form.

Rather stupidly on a whim I just bought HSBC shares too...

One of you smart folks, explain to me why the Market seems to the the opposite of whatever people think it is going to do?