First let me say that I am not a gloom and
doomer. I do see a lot of bad things going on in the markets right
now. When I say bad I mean negative. I received a post yesterday
that showed an overlay of the 1987 market and today's. It is amazing the
similarity in the charts. It was almost uncanny how alike they are just
prior to that awesome day. I remember that day well because I saw market
makers lose millions of dollars in a couple of hours and there was nothing
they could have done to stop the bleeding once it started. Things just
went from bad to worse.
If you are an avid bull I would keep my stops
very tight and use protection during the next couple of months. I have
no idea what it would take for those days to replicate themselves, but
forewarned should be forearmed. I wish you all good trading;