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  • IBDMAN15 IBDMAN15 Jun 2, 2012 12:20 PM Flag

    Poll what % drop next week? Black Monday?

    that's good analysis. I believe we test 1074 on SPX this week....the October low. Look at "Volume by price" on the SPY. There is an air pocket down to $107. The panic swelling this week could be unreal. Think about Friday, the put/call only landed at 1.18. Need 1.5 for a true train wreck and buying opportunity. That's only a 16% drop, far less than the 27% Dow drop on Black Friday 1987. With the PPT and trading circuit breakers in place we could easily do a 16% drop in 5 trading days but perhaps not in one day.

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