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Stock Market Crash Underway?

Once you're 19 to 21 weeks into an intermediate cycle and you see one of these set-ups where the market has, in this case, dropped four days in a row, it probably means that a top has formed. I think it probably has. I think we put in an intermediate degree top in the stock market. We had a bearish reversal Friday after the jobs report and that's not a very good sign, when the market can't hold the rally and gets rejected from the 10-day moving average, which has turned down. 

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