For those of you who watch Fox Business and are familiar with Varney & Co here was my segment on August 14th.
The lows yesterday registered a 200 point pullback from the highs registered on Sept. 19 at 2014. 50. The NASDAQ recorded a full 10% pullback with yesterday’s action. Therefore we are seeing that there is some reality back into market turned bearish and do not forget that. Until we register a -1400 Tick or greater consider those short term bottoms.