Time to Panic?

No, but time to update out data which is coming tomorrow in Peoplenomics.  The market has taken out one key – first level of support – in the manic decline of today (so far).

We will have a detailed look at a couple of prospective wave counts and target levels in our Peoplenomics report tomorrow.

But in the meantime, go back and get a second laugh out of this morning’s subtle hint in the column:  

(Hold the applause on my going short I told you about last week, lol…)

It’s OK to clap a little now…

Big Friday declines often carry through Monday and then turn on Tuesday.   Not financial advise, mind you, but a useful bit of market history.