RE:BLUE CHIP BLOOD BATHThis is what you watch for once the S&P dips below 3850 and stays there. One of the major institutions will call all their margin accounts that are below water. That will cause the rest of the industry to follow which in turn causes a snowball effect. When the first margin accounts are called the market drops putting more and more accounts underwater which then causes more accounts to be called. I think you all get the drift. It's coming the question is when? Based on the two previous crashes we will likely see the S&P drop 41% to 59% from the 3850 level. Man I wish I had a crystal ball lol.