Holy cow, this downturn has a pretty bad feel to it. I have been waiting for the eventual market drop since the 14th of Aug when I went to G. I did go in 50/50 S and C for a couple of days at the end of the month that netted me a couple $100, but that's it. Sitting in G right now(and glad to be threre) So now I am waiting to see how far she will go down. I looks like it will continue, seems like the drop happened really quickly so maybe there is alot of momentum behind it. Although who knows market has had some good underlying strength so who knows.
Maybe there will be the rally till the end of the week like what happend a two weeks ago and we will break even ur a bit up this week.
I have had a feeling that the bulls are the ones who have bought into the market and have held the majority of the shares and they have been holding strong. I have felt for a bit that all they would need is something to start them selling and then maybe there would be avalanche of selling because they have made some good profits and would be willing to sell.