What a crazy day, Dow was down more than 1000 points at some point, before recovering, and then wilted again. All major U.S. indexes have reached correction status.
Gold didn’t do much. Oil and commodities got hit hard. It’s a volatile day when Apple traded as low as 92, as high as 108, and settled at 103.
Dow Update – Armstrong Economics
http://www.armstrongeconomics.com/archives/36479
Armstrong’s computer Socrates believes today was the lowest closing, with a chance of a new intraday low tomorrow. From their site there is a chance that the pattern is similar to the crash of ’87. More blog posts on the site predict September to December is up for the Dow. It won’t be a straight line but very volatile to buck people off.
I continue to be a believer in Marty and Socrates. I am making money (even today) and avoided bad opportunities. Based on my profits I added to my positions in AAL, AAPL, F, DIA, and GILD, and opened a new position in VLO. (Positions have nothing to do with Armstrong Economics).
Good luck! Have a plan and then another one in case that fails.
Vijay @ smilingdad
smilingdad 
“Have a plan and then another one in case that fails.” What a great summed up piece of advice. I also love these little tidbits I do something similar on my blog but you have a cooler name than I do.
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Hey Russell, thanks man. Those are words from being in the trenches. Investments change course suddenly all the time. Lol, I’ll have to check out your blog. I am honored you think that way. Thanks bro.
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