UPDATE

I keep forgetting that I always have new readers, readers not familiar with my market perceptions. Thus, when I said yesterday morning,

"and the increasing ugliness of the charts..."

that comment speaks directly to my perception that, the more obvious a trend, the more likely it is to end soon.

And that is precisely what seems to occur now: the market is turning... up. Certainly, this painful, ferocious decline rapidly becomes a thing of the past.

-- David M Gordon / The Deipnosophist