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DOW up near 1200 points…finish only 400…definition of distribution. Tomorrow another day. Of course, other indices did the same. Does anyone know what tariffs, how much tariffs, on whom, on what? We don’t. Though after the close, exempting car parts from China. Yippee! Will take anything because they basically called back what they sad yesterday….

Higher low potential on 2 crazy days. He caved again on China. Will it stick. Last time, changed mind next day. Futures up as he caved on China. He caved on China. We are happy because tariffs suck. Glad he caved and agrees with us. Interesting times.

Charts of the declining dollar and rising yields tells a lot. Trust waning. Major indices remain in a defined downtrend with some areas squashed,. Price for indices have now entered into the pause day indicating this is not just tariffs any more. Trust. As we have always said, bear phases can go much farther than…