DaxDestroyer
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my "long equities" is not so much a technical view...
1) I am bearish on Bonds
2) It's clear this is panic. The Big Guns in the UK and US can see that. IMO, there will be concerted buying by big money in order to stem the tide, and bring a little calm back into the markets - we cant keep having falls in Asia -> Europe -> US ad infinitum (well, we can, but IMO there will be some Old boys around that can see someone has to step in). Ergo, Big money to buy into equities, with the aim being to reverse losses in the US before the close.
I totally agree ... but I want to SEE it ... who tells you, that there is somebody with money left?