SEE CHART...
THE SPRING "RALLY" NEEDS TO BE TAKEN BACK COMPLETELY....BEFORE ANY RESISTANCE TO FURTHER DECLINES CAN SET UP...
BUT, A HEAD LONG PANIC IN THE DEBT MARKET COULD MAKE THIS MARKET CRASH IN WAYS WE HAVE NOT SEEN IN DECADES...
A 1000 POINT SINGLE DAY DECLINE IS POSSIBLE... I DON'T SEE HOW THE MARKET MAKES IT THROUGH AUGUST...
THE RATS ARE COMING OUT OF THE WOODWORK IN DROVES... THE HEDGIES ARE DUMPING OUT LIKE MAD... THERE ARE PLENTY OF SHOES TO FALL...WALL STREET COULD BE BAREFOOTIN' BEFORE THE END OF AUGUST....
