Do we go up big or stay flat or maybe down a bit. Considering the big drop in 6 trading days, my guess is that we may see a massive rally on Monday/Tuesday. Then earnings and guidnace will take care of the rest from there.
Well if you read Sy Harding (the guy has been right on the money most of the time: although he never called for a CRASH), the week Before options weeks are usually negative, and the week of options week is usually positive. This is due to Goombah slamming down call options the week before, buying them, then driving them up during options week and making a fortune. That would portend a Very big day either Monday, Tuesday, or Wednesday.
At this point all we can do is hope and pray. There are many who got hurt bad over past few days. I was fortunate to have very little exposure. In fact I was short IBM which I covered on Friday. I am also anticipating a massive rally next but it may be short lived.