DJIA loses -700 point last night. Now down -300 points

Posted by Kris | Thursday, October 16, 2008 | | 0 comments »

DJIA loses -700 point again last night. Tonite it is still down around -300 as weak factory reports started to pour in. It started positive at the opening though as news of lower than expected inflation rate was reported.

Nikkei loses around -1000 points again today to the ~8000 level

Tech is still very weak. :( . Total losses so far is still -1000 points. Overall, the DJIA is falling to a level before the huge historical jump of +938 points happened.

Did an intraday scalping of the 15 OCT PUT. Tommorow is expiration Friday thus this is quite risky. I dont have any energy left to concentrate on the market due to certain commitments thus the intraday trading execution.