FBR Chart, page-2599

often when a deep correction comes or a bull market turns into a bear market you will get dead cat bounces

The big funds sell trigger huge slides mum n dads panic they follow and it accelerates the falls

Then you get the FOMO brigade or lurkers waiting for a pull back that are cashed up

They see Dow down 1175 plus 666 two day fall of near 1800 points

They see it as lets push the buy button these are bargains

You see a bit of green people pile in thinking its all good

Then the hedge funds step up n short everything in sight

The FOMO crew and lurkers get a WTF moment and sell triggering more falls

It is likely we may see some buying near close today if the DJIA futures flash green

My expierience tells me there is more to come fundamentals do not support the multiples in the US market

We shouldnt be too bad off here as we did not go up as much as the US

I suspect there will be some good buying in resources and financials but no rush

Trading wise look at the ones that are the highest percentage down in the mid caps

They are the ones the bargain hunters come for

I remember 87 well 24 per cent down in a day the market was

I think things have changed a lot and there are better circuit breakers in markets now days

If your all about long term go for a swim go to the movies or actually do some work at your desks lol

I dont see a massive panic i just see a correction that had to happen but the world economy is much better than it was a decade ago