Quick EOD Update

I think there's a god chance for a bounce off a short term oversold condition,  but this is no time to be laying around waiting.

If you feel the ugliness of today, let me just say, today is nothing compared to a stage 4 decline. I'm ready, I've been ready. I wouldn't fall back and rest on any bounce, I'd use it.

I thought we'd see stage 4 decline start this week and I still do, but everything bounces and the market never makes it easy. This is why I think taking a longer term approach or the longest term you trade, is pretty wise right now.

Today was nothing, just look at HYG's lead heading for a new lower low.