First, the Naz and the dow are at some long term support--for now.
The VIX made a nice little spike.
And the CRB is at the bottom of a long term channel.
All this makes a case for a nice bounce--but if it doesn't happen soon--REAL SOON--we could go a lot lower.
I'm pretty much waiting to see which way the next 5% goes--up or down.
the ~j man
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