A Day for the History Books -- MrSwing

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A Day for the History Books
Oct 11, 2008

Carl Futia

CarlFutia.com
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I have NEVER see such big, fast intraday movements in the market averages. Maybe they occurred in 1929, but not since then and I have been watching since 1966. Today we saw four separate moves, two down and two up, each of between 80-100 S&P points. These are moves, each of about 10%. Yikes!

Still, I have survived the day with a modest profit, and I think a period of more normal markets will slowly develop over the coming weeks.

As I said earlier, I think we shall see the S&P at 1060 or so within a few days.

by Carl Futia (CarlFutia.com)