Crash Underway.

As I has warned as far back as September, a crash is now underway. The pattern from September 2001 has regenerated itself over the last week. While there is no way to know exactly when the climax of the panic could come, based on the September 2001 pattern, it looks as though it would take 7 days including today which puts the bottom at October 14. If you are short, you should be considering scaling out of shorts by the end of this week. Rallies off of these types of panics can wipe out gains in less than a day, so be careful.