I was going to chart a few trades I made on Friday morning, but just looked at the futures for tomorrow to see that world markets were destroyed overnight. Nasdaq Futures are -76, S & P 500 -59. That’s some definite ugliness.

I’m flat. If I was long any securities, I’d use my plan for selling those unexpected drops. Sell half under the first 5-min low, and sell the other half under the 30-minute low if those levels are breached.

This is a hit and run market for me.

The market is closed for Martin Luther King Jr. Day on Monday. Here’s the NYSE Holiday Schedule for the rest of 2008.

†The NYSE Trading Floor will close early on Thursday, July 3, 2008; Friday, November 28, 2008 (the day after Thanksgiving); and Wednesday, December 24, 2008. The Trading Floor will close at 1:00 p.m. Crossing Session I order entry will begin at 1:15 p.m. with order executions at 1:30 p.m., and Crossing Sessions II, III and IV orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on these dates.

Everyone enjoy the Holidays!