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Just a quick update for you. Today the market showed some true nastiness as all three major indexes dropped over 2% and finished on the lows of the day. As I said before, today’s action was crucial because it identified what was contained in the massive volume we saw last Friday.

Personally, I expect us to see stocks continue to slide, especially after today appeared to be massive selling as well.

Now is a great time to cash out on your longs and start to pick up some shorts.