Dow down almost 400 points. Most every stock market was down overnight. A very broad-based sell-off.

Comments (5)
No. 1-1
Scott
Scott

This could be it. The real bear market? Time will tell.

4 replies

Sean Hyman
Sean Hyman

Editor

Yep. The real bear market starts at the end of wave 5, but is fully felt the most in wave C. Just like uptrends begin at the end of wave C but feel more like uptrends in waves 3-5.

Sean Hyman
Sean Hyman

Editor

Whenever it drops solidly below 2800, it should pick up steam to the downside.

Scott
Scott

Wow. It's really happening. Glad you are monitoring things. Happy to have mostly cash position to buy when you think the time and price is fair.

Sean Hyman
Sean Hyman

Editor

Below 2800 (besides being a psychological number and support) would cause all buy-and-holders in the last 3 months in the S&P 500 to be under water again and they'd be very quick to hit the sell button.