Just have a look on the Tickchart of today’s action in the S&P emini Future at 7:01 London Time.
Slightly scary to imagine, what could happen.
Here it is:

Copyright by Tradestation

Welcome to the hopefully exciting year 2008
Situation:
U.S. Markets: Very weak Friday after a very weak week. Question is: As today most people return to work, will this harsh move to the downside confirmed or did we only see wak hands selling and now … as it is “cheap” we see buying??? Bonds and […]

Another year … another outburst of analyst expectations … the end is often … most of them are plain WRONG
2007 expectations have not been far off the real outcome … AND THIS WITHOUT KNOWING THE SUBPRIME IMPACT … which means … without that, markets would have performed by FAR BETTER than analysts expected […]

And the name of the game is still … FADE THE FED … markets lost faith into Bernanke and his brotherhood … so … they SELL … Lehman figures out … 1st look good … second look … autsch … so stock trades down some 4% …
Easy to trade markets … are different … Let’s […]

As we all know, the fundamental picture is bleak at least as bleak as it looked bright at the 2003 bottom

Copyright by Tradestation
As we can see on the chart … at the 2003 bottom we had a high volatility reversal which lead us into a stable bullmarket without too much volatility … now […]