Nothing has changed about the model. It fooled around with wave 4 a little longer than expected but now the breakdown in the market is beginning to match the model. Once this goes to a lower low than the flash crash, the bear market is confirmed. I will actually flip long at that point for a big 3 wave a-b-c rally but do not be caught dead long anything but gold and perhaps commodities when this thing turns down into wave 3. UVXY will be a hyper profitable safe haven in that case.
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