EIA Delay Update, page-23

Yeah the Dow is going crazy. I cashed down solidly start of the monthafter the Dow showed a down trending triple top. I was hoping to get back inwhen it reaches more akin to 20-21k. But I didn’t expect to fall this fast. Atthe rate its falling it may well break down through that barrier pretty fastand head toward sub 18k. Buyers dream. Long way off to call that though. Couldjust be a correction but with one leg of the Dow already stuck in the mudwith the Nasdaq hitting a bear market Friday it may take some effort to pullfree.
Problem is no share worldwide will escape a downtrends wrath like that and ifwe see the Dow break into bear territory trailing the Nasdaq. There’s going tobe some real trouble for all the markets for perhaps many months trying tobreak a bear stigma that usually plays on for a year or two with total lossesof 40% give or take.

That would take the Dow to 15k if it follows historical averages andwiping 4 years gains.
"Uncertain" or spec shares are the worst hit in down trending times. That’swhy I am hoping GGG gets some solid progress under its belt in the next monthor two or you’ll get sellers coming in selling not from fundamentals but simplyas they are fed up and to the wall elsewhere.
I think of all specs though GGG will weather any downturn very well given asolid news flow. But then you’d want that to be a good one cause if there’seven uncertainty suggested people may just sell.
I hope the Dow turns around these next few weeks or I think there may be apanic and I’d like to sit and watch ready to kick over carcasses if thathappens as that’s where the serious money is always made.