Just a few hours ago on post 1166 above, I said the Dow bounced hard from the DMA 200 support @10720. From the current price action, all the post FOMC gains overnight, asia and europe have all been erased and DMA200 support is under threat! Should Dow down close below this support, things will get funky! 2008 is back and traders faces will be ripped off trying to pick bottoms or riding the extreme sell-offs. Caution!!
If you cannot stand index bounces or sell-offs larger than 2% or 4% up/down stock moves a day or two, stay out. There's no need to lose hard money getting whipped up and down! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!