Another Day - Another 400 Point Drop

Just when you thought it was safe to go outside... Well folks we're back down to 8300 on the Dow. The good news is that the closing low was 8175 so we haven't gotten back to that point yet. The bad news is this is looking like October all over again. Day after day of drops. It's only been 3 days this time and today was the biggest.

There are some technical points showing that we could have a move up in the next week or two. But it would require the stars aligning just right because the break point on the S&P is just a couple of points where it closed today. Tomorrow could be interesting.

I of course went long today in anticipation of a turnaround, so I'm caught up in this mess for now. Just small dollar playing around money, but frustrating none the less.

There isn't a lot of good news out there obviously. So it'll have to be a technical support that props things up.

We'll see what tomorrow and Friday has in store for us.

Oh, and of course on CNBC.COM website this morning one of their headlines said PROS SAY S&P TO RALLY THRU MARCH 2009... gotta love it.