a believer

Reading the S&P 500's Crashing Waves

E.W. WAY over-analyzes the situation, like trying to fit a polynomial curve to 5 data points.

Simply look at any 25-yr chart and it is obvious that we have another 1000 points to go down on the DOW (100 points on the Russell 2000), before we get to any significant suppot level. We're at least 2 days away.

And we may blow through support considering the relentless velocity of this market, because it MIGHT 'be different this time.' (In my humble opinion IT IS.)

So stay in cash people, we're not there yet.