Shock and awe. The signs of a top that I discussed in last night’s report and over the weekend in the long term update gave no hint that that the market would roll over this hard, this quickly. The market simply broke. It suddenly ceased to behave in the manner in which it has generally functioned for the last five years. It gave us enough indications to get partially short over the last week, but not enough to get out of all longs in time. From a cyclical standpoint, it’s inexplicable. Click here to download complete report in pdf format (Professional Edition Subscribers).
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