Extremely Troubling Conditions Developing…
As it’s 10 minutes until the open in US equities, let me just say this opening scenario bodes rather badly for those bulls trapped from early last week. The open is below critical support levels, where those trapped investors have laid their stops. This could propel the market directly to its November lows. Many generals are already below their Nov. lows. Pay attention to fear gauges: TRIN, VIX, P/C Ratio’s….

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