Again, there will be a loser list tomorrow, but "This is a time for concern, but not for worry" in the words of the fortune cookie.
I see a number of charts that have pulled back to support, but even more that just keep falling thru support.
I've been perplexed that metals have fallen along with the general markets, but at the risk of engaging in useless chatter, I think there's a couple different things going on.
Gold, especially, ran up so far so fast that a correction is in order; and at least in this case, this is a reasonable correction, and could correct further even and still be healthy.
A lot of equities, however, have gone beyond a healthy, reasonable correction, and are concerning.
Be very very careful.
the ~j man
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