StockTock.com discusses today's SIGNIFICANT move lower in the stock market and its implications. We use Elliot Wave Theory as a guideline for the market's next move and downside target. Persistent demand for treasuries show a lack of confidence in the equity market. Technology is broken and can fall much further. Financials held up relatively well, but I don't want to touch them. Commodities and emerging markets are leading the markets lower as rumors over hedge fund liquidations abound. Expect a small bounce or a pause day tomorrow. Sell into any rally. The next leg lower has begun!
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