Johnny Carson of Japan

Sharp morning down. But the move retraced back up all day, making nearly a long legged doji. Like in my last post, I remain bearish. Is this a short term bottom and the selloff resumes tomorrow: maybe. Is this a longer term bottom and we rally the next week: maybe. I don't know the future, you don't know the future.

But like I said yesterday, I am not trying to get too cute with this wave. I have no desire to micro-manage upside corrective rallies (which are subject to *severe* truncation if we are in fact in a Minor Wave 3 down) and give up my short position in this wave.

As always, not advice. These are volatile times, and you have to do what you think is right. I am just stating my opinion on how I am handling this.