CRASH!

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hey, remember back in '15 when the markets opened limit down across the board and everyone pooped a little in their pants? ahhh, good times.
 
We hit 1867 in the S&P yesterday and I think we'll see it again within a few days. Lots of damage has been done to confidence. In the big picture, a 12-15% correction isn't that rare. Right now I don't think this will even be as bad as 2011, which was around a 20% drop. I think a final low point will hit in sept and the 4th qtr will be very green for U.S. markets.
 
Well the PPT [Plunge Protection Team} did their best, BUT! it still looks like a CRASH to me.
 
I should have said "in 3 hrs". This looks dangerous to me. Confidence in the market is shot.


We hit 1867 in the S&P yesterday and I think we'll see it again within a few days. Lots of damage has been done to confidence. In the big picture, a 12-15% correction isn't that rare. Right now I don't think this will even be as bad as 2011, which was around a 20% drop. I think a final low point will hit in sept and the 4th qtr will be very green for U.S. markets.
 
Well the PPT [Plunge Protection Team} did their best, BUT! it still looks like a CRASH to me.
Here's a theory on the PPT. They are waiting for volume to subside a little and will try to fight to hold the Jan 2014 low. So Friday will be there fighting day. They can't let this continue into the weekend. Just a theory.:cool:
 
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