Market Update

Decline Enters Disorderly Stage

The decline has become disorderly. Downside projections for the longer swing cycles have lagged the market action and current downside projections have been broken. All cycles are in gear to the downside. If certain critical near term support levels fail to hold the market would then be in crash mode.

Bad Vibrations

The rapidly increasing market volatility may simply be an unexplainable anomaly; or it may be just an artifact of the trading range having been crossed multiple times within the past 4 months. Or it could mean that a liquidity shortage is developing for reasons not yet known. Once again the market faces an immediate and…