The "good news" is also the "bad news"! As I posted previously, the market would either crash or go down over a longer period of time in a traditional bear market. Well, we didn't get the crash which would have been short term painful but set up a good buying opportunity like in 1987. That is what I hoped for and thought would happen. Since it didn't, I return to my previously discussed thoughts that the real damage wouldn't occur until after the election. We should bounce until and possibly after the election results next week. It is quite possible that a double bottom forms and we get another rally before the new year? However things develop the charts will let us know. Chartsmaster
