Mrs_Peel,My crystal ball (probably no better than anyone else's...

Mrs_Peel,

My crystal ball (probably no better than anyone else's by the way) says down Monday I'm afraid.

I think the general consensus is that we're heading for (we hope) a bottom for now of 3200-3600.

My best guess is I think Europe and US will finish more or less at their lows tonight so Oz/Asia can then post new lows on Monday. Then on Monday night, maybe a drop at the open in Europe/US then a big rally from halfway through US session. Tuesday then Oz/Asia perhaps gap up and go for a big rally, a la Voltaire's thoughts maybe.

The only problem with this scenario is we hit our low in one night whereas the Dow does it in two, which doesn't make sense to me. So another possibility might be on Monday the US Futures begin to rally (pehaps accompanied by some "news") then everyone follows

By Friday close perhaps retesting 3940 if we're lucky