Jan 7, 2016
Ok we have exactly the same story like in August(well visible on the DAX), but a little bit more mild. A "crash" or severe sell off lasts 5-8 days. In August 6 days in row with 4 gaps now we have so far 5 days in a row with 3 gaps. The move starts as a corrective and than we have a waterfall. The same problems China stocks and currency devaluation. I did not like the bearish scenario in August because such moves scare the traders way too much way too fast. I do not like some very bearish scenario again because of the same reason plus the move from the top is three waves a-b-c with a=c.