You know what happens. Its the warm weather. Its too much oil being produced. Its a birth/death rate problem. Its too much savings. Its cash itself. Of course there's and excuse for every aspect of the economy and the stock market, which is purported to reflect the health of the real economy. You know......that "wealth effect"....that oh so important..."CONfidence". So what does happen when the REAL money...the Wall Street money decides the game is up? After all, the masters of the con know every con has a point that you have to pull the plug. The only question we have now to answer is what pattern they choose to exit the casino. They know their course of action and they know the fiat game is winding down. After all what REASON could anyone have for holding this worthless fiat ponzi paper much longer?
The rule of alternates will most likely apply to the overall market takedown but even they can be confusing to traders aware of their implications. They will also apply most likely to gold and metals also. So go back and look at the last move of gold and miners off their bottom in 2008. It already is much different. That was a moonshot off the lows with the GDX doubling in less than three months. Then a relatively tradeable move ensued for the next three years before this nasty bear took over to shake out the piglets that jumped on. Wallstreet and the real money....the boyz...will behave as sharks behave and they will feed. They will feed on the blood of the slaughter of the innocents including themselves as sharks always do....its their nature. Enjoy the game...and if you want to play then understand this run will be not only epic but most likely the last great hurrah in your lifetime of market gambling.