Dow 10k CRACK

[Bon]

Don´t normally like to "speculate"..

Always TRADE WHAT YOU SEE, not WHAT YOU "THINK".

But, this said..... The 10k Dow /YM crack is a big deal and this could go a loooooot lower... or could it ?

Suppose the next big deal is further down then the /ES crack down of 1000....

Any thoughts ?


PS. Just for the record. It makes no difference to us where it goes, we will be trading it each and both ways, but just thought it might be worth the discussion as it is a 10k crack down, and very little has changed in the bigger scheme of things ?

[Bon]

Soooo. Seems it held rather well after a few minor dips under. Coasting back north too now...

Where next ?

Crystal ball time me thinks. 3 days up... next ?

[greygoose]

LoL, 3 days magnetism 1 neutral. Indeed we pay attention to Mother!

[Love2Trade]

Seems we are back there again.... Any predictions this time ?

[Bon]

Its doing exactly what it did last time.

[greygoose]

Looking for a wild ride in the mkts this 1st week of June!

On a different note:

Stocks slide, euro falls after Spain downgrade:
http://www.reuters.com/article/idUSTRE64K0JX20100528

Spanish savings banks unveil merger pact to access aid:
http://www.marketwatch.com/story/giant- ... =afterbell

And of course; Spain is on the hook to pay 14 Billion Euros to Greece?
http://av.r.ftdata.co.uk/files/2010/05/ ... ntEN-1.doc

Caja Madrid, Five Smaller Banks in Merger Discussions:
http://www.businessweek.com/news/2010-0 ... ate2-.html

A worldwide financial crisis couldn't happen again. Could it?
http://www.guardian.co.uk/business/2010 ... isis-again

I really like the humor in this headline:
Spain orders banks to come clean on debts to restore shattered faith:
http://www.telegraph.co.uk/finance/fina ... faith.html
Oh, the BOS had no idea..ROFL

Tik Tok, hope all in the US are taking note...come November our own Fed Reserve has a special surprise...."Fair Warning" people.
end rant