200th blog post not a happy one.

markets seemed to have calmed the last week and now this 10% drops globally before nyse opens. our futures are all limit down, which augurs an opening far lower than the 6% contracts limits. ge trading near 17

c near 11

to name a few

but, traders will be placing pivot support buy orders well below the previous close, some as much as s3 levels. let us see if this is the final straw before a real reversal and climb out of this great big hole in 2008. paul