woeful wednesday, page-6

carnage on the markets! So glad I changed some of my limits before going to bed. Was left with 2 tiny contracts on the dax which are in pain right now as no stops on those ones, but got out of many many more...damn lucky cos I couldn't be bothered watching it all last night.

Where to from here? The XJO is showing major pain, and our banking sector has already been hammered.

I can only imagine that those that have been bought up in the last few weeks will be sold down hard - ie resources.

The big key to all of this is the rest of the week - was last night just a knee jerk reaction and will it rebound higher quickly or was it the start of great pain to come with a further decline...

Futures are mildly higher, but after a 300+ point fall, doesn't mean much.

7888.88 - any chinese buying? ;)