We know the saying, “markets don’t usually repeat but often rhyme”. Since I expected the stock market to have this selloff(that’s why I bought UVXY last Tues. morning) I felt a big drop was imminent and so far so good. What is interesting is that if the stock market falls hard every day this week, it will be a carbon copy of last February’s top and initial decline. While I do look for a sharp down, later today, I would expect the usual Tues. counter- trend bounce. We should be down for the week overall but I wonder if it will actually be down all five days. We will see.