Monday is another ugly day on the downside for stocks. If we get a gap down equal to today's move on tomorrow's open, it might be worth a shot at the long side, but only for the short term. Down 10% in three day is extra oversold, but as we have all learned oversold often turns into oversold-er. Sentiment still hasn't reached fever pitch, so there are more people to sell.
To be honest, I am a bit shellshocked at the rapidity and severity of the downside action.
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