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As of 1 PM EDT, Naz Comp filled the gap from Tuesday but doesn't appear to have the oomph to fill the breakaway gap above.


Looks likely to go down and fill the gap up left last Tuesday at minimum.


I favor new lows, probably in the range of 20% off the all time highs and in the neighborhood of the Oct '14 spike low.


This conversation with myself has been useful to my thinking. The entirety of the USA is now leveraged to the stock market so the PPT will be out in force before momentum is permitted to get rolling to the downside.


We should see a decent bounce then, which will also probably eat some time. But if a global depression is spreading from China, through the commodity producing countries and beyond, we're not going to stay "decoupled" forever.


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