Thursday, August 4, 2011

Ok, Now We're Panicking

Down 3%.... things are flushing out...

EDIT 11:48 - 3.4%

EDIT 11:55 AM: Good conditions for a snap back as its getting 'egregious' out there... only problem is Europe is nutso.  But closed for the day.

EDIT 11:58 AM - on Twitter just posted if you are going long, go with a stop out versus low of the day.  I would be doing that here. Might get a retest of days low - if it breaks, have to go out again.  If we bounce, this could be a nice play to make 'fast money'.

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