snippets - 30/10/09, page-2

redbacka, one of the best summaries I have read.

The market desire to correct in the US last night was a very powerful signal. I didn't expect it give all of Thursday's gain back and then some.

XJO on opening likely be -100 and it could finish -150.

DOW may retrace back to around 9000 (about 10%).

Fear is back which means much bigger downside moves than normal. I'm fully invested and already committed to a few capital raisings so the timing is unpleasant - I just hope the instos don't activate their stop losses on mass.