a very lousy monday, page-10

"The only reason that the dow didnt fall further is it was a Friday"

Please explain, usually Friday is a worse day as traders dump before the weekend.

If the S&P/NASDAQ futures, which are currently down about 2-3% do not recover I would say that Monday will be a very bad open, maybe down 200+, and if a margin calls/CFD stops start propagating it could get very ugly. The trick is not to sell but to pick up the most unjustly oversold quality stocks at bargain prices. I'll be sitting hoping BHP yet again falls to $32 (among other stocks I'm watching). May take a while to bounce though so no need to rush in on Monday.