Monday, December 27, 2010

THE NASDAQ LOOSES .80% IN THE FIRST 15 MINUTES OF TRADE

PRETTY CLOSE TO A FLASH CRASH. Remember, it's been 3 trading weeks since we've seen a 1% or greater move in the NASDAQ  in either direction. This morning over .80 loss (were it to be considered on a closing basis) would be the biggest move we've seen in 3 trading weeks. Pretty much qualifies as a crash, nearly a flash crash. Be Careful today. Don't forget to look at the charts of the market posted last week, they weren't looking good.

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