Well I don’t know if can give you any better road map than I gave you for Tuesday; gap lower, wait for the rally, get short on that rally, and then hold on. Exactly the scenario that unfolded.

The most bearish thing right here is no one has any explanation for the heavy selling. That’s a much, much more bearish situation than selling on a news headline. Expect further downside ahead. Not be surprised if we are really just getting started. The negative news should come after we are already much lower.
Thanks,
Joe

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