Just Check out the dirty candle formed in Dow Jones today. The total length of the candle bar is nearly 1000pts followed by a recovery of nearly 600pts. Its really a scary and a amazing roller coster intraday ride.The Dow Jones industrial average (INDU) lost as much as 997.21 points in volatile trading. It was down 347 points, or 3.2%. The Dow’s biggest one-day point selloff on a closing basis was Sept. 29, 2008, when it fell 777.68
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Here is the noisy market Action on Dow
http://www.youtube.com/watch?v=i4Q2QcATnK0
The market after Jan 2008 Crash and May 2009 Upper Circuit in Nifty, Satyam Stock Plunge and todays market action on dow jones teach us only one big lesson. Market will make you richie in a second and a begger less than a second.
Trade Less with Less Risk!
That big collapse at the Dow last night was an error and confirmed by the NYSE Euronext’s chief.
Someone punched $16 billion for a sell order instead of $16 million. Quite a human thing but it caused its share of chaos at midnight last night ! Traders in Singapore and Hong Kong were woken up and told to put in BUY ORDERS on the Dow and S&P futures as that sort of collapse last night was a freak thing you won’t see many times in a single lifetime !
,K