First day of “panic” last Friday.
Japan too will crack wide open and yields will soar…and it will be a glorious panic of the Ponzi they are running over there.
And finally, just a guess on the squiggles. Basically, the overall idea is that we are looking to confirm Minute [iii] of 1 down. It may have bottomed today as the Wilshire probed slightly lower lows than what prices did the previous trading Friday.
Or I could be “shortchanging” the count and it is on the verge of a major downdraft taking the market well below the June lows. I actually like the thought of that as it makes sense. But until all the indexes crack beneath the June low, we’ll just count them as we see them.
