Given that we’ve taken out the last low, I have to believe the market is more bearish than I am expecting. I have no high confidence way to count this at this time, and will have to devote some time to reconsidering prominent options here. With the insanely high DIX, I still half expect this to rally powerfully, but until we do, I now have to suppose that we may head back to the lows (orange box), to my significant surprise.
I cannot count this impulsively to the downside, unless it’s all ones and twos, and that would entail that we’re about to have a very serious crash. Are we? I don’t know. I suppose it is possible.
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