I'll let the charts doing the talking. I really, really, really hope these are just coincidences. Seriously.
Dow, October 1987
Charts from Telechart, Courtesy of Worden Brothers, Inc.
*** I added a quick video for comparison-sake. My game plan has changed from trying to catch a reversal to just sitting back and watching history, because I think with potential circuit-breakers and such coming into play, trying to swing a bounce (when it occurs) is going to be virtually impossible. Remember how wacky trading was on the Flash Crash day (couldn't enter orders, messed up bid and asks, etc)? That's what we may seen soon and that will make it just too tough to do anything other than nothing. Crazy times we're in - no doubt about that.