6 MAY 2010, Thursday

• That's quite a shock bar...interestingly, there were next to no pivot areas of support built in that 2 month steady up move and when it did correct it went to and bounced from the only areas of support that existed. 
• There was a time today reminiscent of 9/11 as the market water-falled this afternoon...you start asking yourself "What the heck is going on?"  
• I had mistakenly tried to go long at a support area...and it melted away in minutes.  Fortunately, for me, I bailed quickly.  Damn!  Should've been short.  Oh well...such is life.
• Three day weekend as far as I see it!  All market structure was annihilated today and it will take a little time to settle out....suitable only for day trading if even any of that.
• Looks negative to me...solidly below the 90MA...but I'll let it sort itself out some.  
• No heroics here...One day at a time!
• Flash Crash CNBC Video footage.
• Flash Crash Pit Squawk Box Audio....sorta reminds you of "Oh, the humanity!"